$785Mln CMBS Loan Against Manhattan Office Moves to Special Servicer

The Chapter 7 bankruptcy of Sonder Holdings Inc, a provider of short-term apartment rentals, is creating idiosyncratic distress among a number of properties financed through the CMBS market that were reliant on the company's...

Commercial Real Estate Direct Staff Report The two northern New Jersey office buildings backing what is now a $5089 million CMBS loan that has been delinquent since March have been reappraised at a value of only $197 million The latest appraised...

Two more CMBS loans against Houston-area apartment properties have transferred to special servicing in recent weeks, increasing the volume of troubled loans against properties in the area to $35891 million, according to the TreppCRE...

The volume of CMBS loans that are more than 30 days with their payments declined by $72 million last month, meaning it stayed relatively unchanged at $4742 billion...

Commercial Real Estate Direct Staff Report The appraised value of Jericho Plaza on Long Island, NY, has been lowered again, this time to just more than half the balance of the $14918 million CMBS loan against the 665,592-square-foot office property...

Commercial Real Estate Direct Staff Report JPMorgan Chase Bank, Bank of America, and Deutsche Bank have provided $340 million of floating-rate financing against the 25 million-square-foot Franklin office property in Chicago’s West Loop...

Securitized loans against student-housing properties have a 14% delinquency rate, according to Trepp Inc But loans securitized through Fannie Mae and Freddie Mac outperform those securitized through private-label CMBS or CLO...

Development of seniors-housing units continues to fall well behind demand, driving the national occupancy rate for the sector to 899% in the second...

CMBS loans against office properties in just five of the country's 387 metropolitan statistical areas account for a little more than one-third of all CMBS office delinquencies...