S&P Global Ratings, New York, said commercial mortgage-backed securities special servicers are working through a “surge” in borrower requests for relief, primarily on lodging and retail properties.
Tag: CMBS
What to Expect When Expecting Distress: A Servicer Roundtable
As COVID-19 and government responses continue to drive uncertainty around outcomes and outlooks, MBA Newslink interviewed senior professionals from a credit rating agency and several highly rated servicers to get their perspective on forbearance, loan workouts and portfolio management challenges for agency and non-agency CMBS.
CMBS Delinquency Rate Falls from Near-Record High
The commercial mortgage-backed securities delinquency rate fell again in August after posting a big decline July.
Distressed Debt Monitor: A Conversation with Mayer Brown Partner Jeffrey O’Neale
MBA NewsLink interviewed Jeffrey O’Neale, a partner in Mayer Brown’s Charlotte office and a member of the Real Estate Markets practice. A primary focus of his practice is representing special servicers in loan workouts, restructurings and modifications and repurchase facility buyers in the servicing and administration of their commercial mortgage loan portfolios.
Dealmaker: NorthMarq Completes $59M in Texas Office Refis
NorthMarq, Minneapolis, secured $59.2 million to refinance two Texas office properties.
The CMBS Market During the Pandemic: A Conversation with Moody’s Investors Service
MBA NewsLink interviewed Keith Banhazl, Victor Calanog and Nick Levidy from Moody’s, New York.
Fitch Ratings: Coronavirus Sparks Largest-Ever CMBS Delinquencies Rate Jump
June saw the largest month-over-month increase in the commercial mortgage-backed securities delinquency rate in more than 15 years, reported Fitch Ratings, New York.
Andrew Foster: Preferred Equity Plan for Commercial Real Estate Comes to Washington
This week in Washington, ongoing COVID-19 relief discussions have reached the commercial real estate borrowing community and their financiers in earnest.
Moody’s Sees ‘Drastic Drop’ in CMBS Supply-Demand Fundamentals
Moody’s Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market “fell drastically” in the first quarter.
Fitch Ratings: CRE Defaults Likely To Rise After Forbearance Periods
Fitch Ratings, New York, said it anticipates commercial real estate loan defaults will rise at the end of forbearance periods.