CMBS

Construction work on a new apartment building continues on February 28, 2023. Multifamily properties accounted for most of the loan collateral composition by property type in CRED iQ's interest rate cap analysis.
Finance  ·  CMBS
National

CRE CLO Interest Rate Cap Agreements Take Spotlight

By Marc McDevitt
Treasury Secretary Janet Yellen
Finance  ·  Analysis
Utah

The Next Domino

By Brian Pascus
The second largest individual CMBS loan payoff in February was a $345 million senior mortgage secured by the Rio All-Suite Hotel and Casino in Las Vegas (pictured).
Finance  ·  CMBS
National

February CMBS Realized Losses Soar Despite Fewer Workouts

By Marc McDevitt
This photograph taken on March 3, 2021 in Zurich shows a sign of Swiss banking giant UBS on their headquarters.
Finance  ·  Acquisition
New York City

Market Reacts to Credit Suisse and UBS Shotgun Wedding

By Brian Pascus
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on March 13, 2023 in New York City.
Finance  ·  CMBS
New York City

Impact of Regional Banking Crisis Threatens CMBS Loans

By Brian Pascus
An aerial view of Las Vegas.
Finance  ·  CMBS
Las Vegas

Blackstone’s $325M Loan on Vegas Office Campus Hits Special Servicing

By Cathy Cunningham
375 Pearl Street.
Finance  ·  CMBS
National

CMBS Delinquencies Jump in February

By Marc McDevitt
Manhattan skyline
Finance  ·  CMBS
New York City

Distress Rate in NYC Multifamily CMBS Set to Rise

By Marc McDevitt
Premium
Among the largest individual payoffs in January was a $237.4 million mortgage secured by the Green Acres Mall in Valley Stream, N.Y.  
Finance  ·  CMBS
National

CMBS-Realized Losses Dip in January Despite More Distressed Workouts

By Marc McDevitt
Premium
Rain clouds shroud the skyline of Downtown Los Angeles on a rainy Wednesday afternoon in January 2023.
Leases  ·  Sales
National

US Office Sales and Prices Keep Falling With Declining Demand and Ongoing Distress

By Greg Cornfield
Premium
Finance  ·  CMBS
New York City

Blackstone’s $271M Loan on Manhattan Multifamily Portfolio Hits Special Servicing

By Cathy Cunningham
Premium
The Minneapolis MSA has the highest overall distressed rate in January at 20.4 percent, which was slightly higher than the previous month.
Finance  ·  CMBS
National

Majority of Largest MSAs See Dip in Monthly CRE Distress

By Marc McDevitt
Premium
Finance  ·  Leases
New York City

Loans Coming Due, Lease Expirations Spell Trouble for Office Market: Report

By Rebecca Baird-Remba
Premium
One of the largest loans to become delinquent in January 2023 was a $120 million mortgage secured by Charlotte Plaza, a 632,283-square-foot office tower in Charlotte, N.C
Finance  ·  CMBS
National

CMBS Delinquency Rate Drops in January

By Marc McDevitt
Premium
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
Premium
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
Premium
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
Premium