A Third of Office Mortgages Packed Into Bonds Are at Risk of Default
About $52 billion, or 31%, of all office loans in commercial mortgage bonds were in trouble in March. Michael Cohen of Brighton Capital Advisors provides insights.
About $52 billion, or 31%, of all office loans in commercial mortgage bonds were in trouble in March. Michael Cohen of Brighton Capital Advisors provides insights.
Michael Cohen provides expert insights on navigating commercial real estate borrowing challenges amid rising defaults and restructuring needs in his interview with Commercial Observer.
Chicago is facing a significant challenge as it ranks second in the United States for the highest percentage of office loans on the CMBS watchlist.
Michael Cohen of Brighton Capital Advisors provides insights into CMBS and CLOs having both have pretty much collapsed in recent months.
Our clients often tell us that they have “spoken to the Servicer” and they believe that their CMBS issue has been resolved which, unfortunately, is not always the case.
When a CMBS loan experiences distress, most borrowers assume that their lender’s interest will be aligned with what is best for the property. This is not always the case.
There are several reasons why a CMBS special servicer might be reluctant to offer discounted payoffs (DPOs) to loans in distress.
Richard Fischel, Senior Advisor, Brighton Capital Advisors, provides The Real Deal CMBS servicing insights in a behind the scenes look behind distressed debt, an increasingly common fight in CRE.
Distressed loans are becoming increasingly relevant across all sectors for borrowers, lenders, and servicers, but what is this distress a result of?