The Real Deal New York

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  • While commercial real estate experts predict a rise in distressed securitized loans for New York City over the next year, new data shows the number of assets added to the tally last month actually fell. The quantity of loans transferred to special servicers dropped sharply last month, and those placed on servicer watchlists declined slightly, new data provided by financial tracking firm Trepp to The Real Deal shows. Only three New York City loans were transferred to a special servicer in September, down from 13 the month before, the figures indicate. At the same time, the volume of assets placed on a servicer’s watchlist fell slightly to 40 from 50 the month before. [more]