Fitch Ratings

Two women playing Blackjack at gaming table, close-up
Coronavirus  ·  Features
National

Daily Double: Those Who Shorted Mall Debt Have Hit the Jackpot

By Cathy Cunningham
Commercial buildings in Worcester, Mass.
Finance  ·  CMBS
Massachusetts

Ladder Capital Provides $68M CMBS Refi on Massachusetts Rental Complex [Updated]

By Mack Burke
Premium
The Chase Center site, with the two towers in this deal bordering it to the west and north.
Finance  ·  CMBS
San Francisco

J.P. Morgan Provides $600M CMBS Refi on San Fran Towers Leased to Uber

By Mack Burke
Premium
City National Plaza in LA's Financial District.
Finance  ·  CMBS
Los Angeles

Massive Downtown LA Office Complex Gets $550M CMBS Refinance

By Mack Burke
Premium
While the unprecedented wave of thousands of relief requests since mid-March has slowed, Fitch Ratings is expecting it to pick back up this month as delinquencies rise.
Finance  ·  CMBS
National

CMBS Debt Relief Requests Slow, Special Servicing Transfers Climb

By Mack Burke
Premium
Over 5,400 CMBS borrowers have inquired to servicers about COVID-19 relief since mid-March, when the first impacts of the virus were felt.
Finance  ·  CMBS
National

CMBS Borrower Relief Inquiries Continue to Climb, Requests Surpass $100B

By Mack Burke
Premium
Borrowers are preparing to enter the loan workout maze as requests for short-term mortgage relief give way to the prospect of defaults and loan workouts.
Finance  ·  CMBS
New York City

Navigating the Loan Workout Maze

By Sarika Gangar
Premium
A photo of a red line graph rising.
Finance  ·  CMBS
National

CMBS Delinquencies Predicted to Reach Near “Great Recession Peak”

By Mack Burke
Premium
Do Not Disturb Sign On Door Handle
Finance  ·  CMBS
National

Stay of Execution: COVID-19 Has Hotel CMBS Backed into a Corner

By Mack Burke
Premium
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Finance  ·  Industry
National

Real Estate Borrowers Are Keeping Their Distance From SOFR, for Now

By Mack Burke
Premium
Aerial view of downtown San Francisco.
Finance  ·  CMBS
San Francisco

Trio of Big Banks Provides $682M CMBS Loan to Recap San Fran Office Tower

By Mack Burke
Premium
The Westchester in White Plains, N.Y.
Finance  ·  Refinance
New York

Westchester Mall Reels in $400M CMBS Refi From Credit Suisse

By Matt Grossman
Premium
Downtown Rockville, Md.
Finance  ·  Acquisition
Maryland

KeyBank, BoA Lend $262M on Suburban Maryland Office Acquisition

By Mack Burke
Premium
An aerial rendering of Parkmerced in San Francisco.
Finance  ·  CMBS
San Francisco

Barclays, Citi Lead $1.8B Debt Package on San Fran’s Largest Rental Community

By Mack Burke
Premium
Mary MacNeill.
Finance  ·  Columnists
National

Some 10-Year Mall Loans Find Refis a Challenge

By Mary MacNeill
Premium
650 Madison Avenue.
Finance  ·  CMBS
New York City

Four Banks Refi Vornado’s 650 Madison with $800M CMBS Package

By Mack Burke
Premium
Norwalk Government Center.
Finance  ·  CMBS
Los Angeles

Wells Fargo Lends $195M in 2 LA Office Deals

By Matt Grossman
Premium