CRED IQ

The Hampton Inn in Yonkers was one of the real estate owned lodging properties to experience a CMBS distressed workout in December.
Finance
National

CMBS Realized Losses Increased in December

By CRED IQ
A $20.7 million loan secured by the IHG-flagged EVEN Hotel Chicago – Tinley Park (pictured) returned to the master servicer in December after initially transferring to special servicing in October 2021.
Finance
National

Half of 50 Largest MSAs See Increased CRE Distress for December

By CRED IQ
One of the largest office loans to transfer to special servicing in late 2022 was the $243.6 million Republic Plaza loan, which is secured by a 1.3 million-square-foot tower in Denver’s central business district.
Finance
National

CMBS Delinquencies Increased in Late 2022

By CRED IQ
Among the largest individual payoffs in November was a $265 million mortgage secured by the Chrysler East Building located at 666 Third Avenue in Manhattan.
Finance
National

Office Properties Led Realized Losses in November

By CRED IQ
Aerial shot of a large city with many buildings.
Finance
New York City

NYC Workforce Reductions Trickle Down to CMBS

By CRED IQ
The retail sector has the highest of conduit loan maturities in 2023 with 42 percent of outstanding debt.
Finance
National

CRE Loans Face Mounting Maturities in 2023

By CRED IQ
Multifamily properties in the Denver-Aurora, Colo., MSA had the highest margins with an average operating expense ratio of 37 percent.
Residential · Finance
National

Multifamily Securitizations Come Into Sharper Focus

By CRED IQ
The largest CMBS workout by outstanding debt amount in October was the liquidation of a leasehold interest in Hilton Times Square (pictured).
Finance
National

CMBS Realized Losses Jump in October

By CRED IQ
A $195 million mortgage secured by the 1.1 million-square-foot Valencia Town Center in Santa Clarita, Calif. (pictured) transferred to special servicing in late September 2022.
Finance
National

CMBS Delinquencies Rise in October

By CRED IQ
The 86-key Hampton Inn & Suites in Shelby, N.C was one of the CMBS properties auctioned off in the third quarter.
Finance
National

CMBS Auctions Ramp Up in Third Quarter

By CRED IQ
The largest Mid-Atlantic retail loan with a 2025 maturity date is a $600 million mortgage secured by the Queens Center retail complex in Elmhurst, N.Y.
Finance
National

Mid-Atlantic Retail Loans Face Default Risk

By CRED IQ
Among the largest individual debt payoffs in September was a $390 million mortgage secured by Vornado’s 38,814-square-foot retail condo at 666 Fifth Avenue in Midtown Manhattan.
Finance
National

CMBS Realized Losses Plunge in September

By CRED IQ
The increase in CMBS retail delinquencies in September was influenced by a $125 million mortgage secured by 1880 Broadway, an 84,240-square-foot retail condo located on the Upper West Side of Manhattan, defaulting at maturity on Sept. 6.
Finance
National

CMBS Delinquencies Decline in September

By CRED IQ
The Dallas-Fort Worth MSA had been the second most active market in 2022 for CMBS multifamily originations with $3.9 billion.
Residential · Finance
National

Multifamily Leads Way for 2022 CMBS Deals

By CRED IQ
The Cumberland Mall in Vineland, N.J., is a recent examples of a regional mall securing debt that has defaulted at maturity in the past month.
Finance
National

CMBS Maturity Balloon Loans Pop in August

By CRED IQ
An $87.55 million loan secured by the State House Square office property in Hartford (pictured) was resolved with a 54 percent loss severity. 
Finance
National

CMBS Realized Losses Rise in August

By CRED IQ
The Portland, Oregon market saw increased commercial real estate distress in August.
Finance
National

Top U.S. Markets See Uptick in Distressed CRE Loans

By CRED IQ