CRED iQ

Ovation Hollywood
Finance  ·  CMBS
Los Angeles

CMBS Loan on Hollywood’s Biggest Retail Center Hits Special Servicing

By Andrew Coen
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International Square.
Finance  ·  CMBS
Washington DC

DC’s Most Distressed Office Debt

By Chava Gourarie
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A view of the entrance to the Trump Building at 40 Wall Street in Downtown Manhattan on March 05, 2021 in New York City.
Finance  ·  Distress
New York City

40 Wall Street Transfers to Special Servicing Amid Trump Fraud Trial

By Mark Hallum
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The Poughkeepsie Galleria mall opened in 1987 and is around 70 miles north of New York City in Dutchess County.
Finance  ·  CMBS
New York

Poughkeepsie Mall’s Valuation Sinks $169M Since 2011 Issuance

By Andrew Coen
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A $982 million mortgage secured by 34 Ashford Hospitality Trust hotels, which includes the Marriott Beverly Hills (pictured) transferred to special servicing due to maturity default ahead of the loan’s June maturity date.
Finance  ·  CMBS
National

CMBS Loan Maturity Defaults, Concerns on the Rise

By Marc McDevitt
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Wayne Plaza at 962 Wayne Avenue in Silver Spring, Md.
Finance  ·  CMBS
Washington DC

Brookfield Defaults on Class B Office Portfolio Debt

By Andrew Coen
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Among the largest mortgages paid off in March was a $560 million loan secured by 59 La Quinta Inn select-service hotels.
Finance  ·  CMBS
National

CMBS Realized Losses Dip in March as Loan Workouts Continue

By Marc McDevitt
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Cleveland had the second highest distressed rate for CMBS loans in March at 10.2 percent.
Finance  ·  CMBS
National

Largest MSAs Saw Uptick in CRE Distress Last Month

By Marc McDevitt
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One of March's newly delinquent office loans was a $350 million floating-rate mortgage secured by the Gas Company Tower in Los Angeles (pictured).
Finance  ·  CMBS
National

CMBS Delinquency Rate Increases in March

By Marc McDevitt
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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
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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
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Birmingham, Alab. had an 11.4 percent commercial real estate distressed rate in February.
Finance
National

CRE Distress Mounts in Largest MSAs

By Marc McDevitt
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375 Pearl Street.
Finance  ·  CMBS
National

CMBS Delinquencies Jump in February

By Marc McDevitt
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Manhattan skyline
Finance  ·  CMBS
New York City

Distress Rate in NYC Multifamily CMBS Set to Rise

By Marc McDevitt
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717 14th Street NW
Finance
Washington DC

DC Office Building Faces Imminent Default on $38M Loan

By Keith Loria
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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
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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
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Finance
National

Multifamily Hits Speed Bumps After Rapid Growth

By Andrew Coen
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