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  ·  CMBS
National

CMBS Realized Losses Increased in December

By CRED IQ
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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  ·  CMBS
National

Half of 50 Largest MSAs See Increased CRE Distress for December

By CRED IQ
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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  ·  CMBS
National

CMBS Delinquencies Increased in Late 2022

By CRED IQ
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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  ·  CMBS
National

Office Properties Led Realized Losses in November

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

NYC Workforce Reductions Trickle Down to CMBS

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

CRE Loans Face Mounting Maturities in 2023

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

Multifamily Securitizations Come Into Sharper Focus

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

CMBS Realized Losses Jump in October

By CRED IQ
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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  ·  CMBS
National

CMBS Delinquencies Rise in October

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

CMBS Auctions Ramp Up in Third Quarter

By CRED IQ
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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  ·  CMBS
National

Mid-Atlantic Retail Loans Face Default Risk

By CRED IQ
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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  ·  CMBS
National

CMBS Realized Losses Plunge in September

By CRED IQ
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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  ·  CMBS
National

CMBS Delinquencies Decline in September

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

Multifamily Leads Way for 2022 CMBS Deals

By CRED IQ
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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  ·  CMBS
National

CMBS Maturity Balloon Loans Pop in August

By CRED IQ
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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  ·  CMBS
National

CMBS Realized Losses Rise in August

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

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

By CRED IQ
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