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Lodging delinquencies among commercial-mortgage-backed-security (CMBS) loans rated by Kroll Bond Ratings Agency reached 21.6 percent last month, up from 13.6 percent in May. (iStock)

TRD Insights: Hotel CMBS delinquencies jumped in June

Hotels’ occupancy rates have been rising, but their loan troubles are through the roof. Hotel delinquencies among commercial mortgage-backed...

TRD Insights: Hotel CMBS delinquencies jumped in June

Fed Chairman Jerome Powell and Treasury Secretary Steve Mnuchin (Getty)

Politicians want Feds to rescue CMBS market

As hotels and retailers struggle to pay their mortgages in the age of coronavirus, political consensus is emerging around the need for the federal government to prop up the commercial mortgage-backed securities market. A...

Politicians want Feds to rescue CMBS market
Thomas Barrack and (from top) Sheraton San Jose Hotel in Milpitas, CA; The Westin Governor Morris in Morristown, NJ; Four Points by Sheraton Destin in Fort Walton Beach, FL (Barrack by Jared Siskin/Patrick McMullan via Getty, Google Maps, Westin, Marriott)

Inside the “legacy” hotel assets Colony Capital is pivoting away from

Tom Barrack’s Colony Capital has spent the last several years pivoting away from “legacy” real estate assets toward digital...

Inside the “legacy” hotel assets Colony Capital is pivoting away from
Hotel operators trek into special servicing and it may take years before they get out (iStock)

Submerged in securities: Many CMBS hospitality loans may be underwater soon

Carlos Rodriguez Sr. set off from Costa Rica nearly 25 years ago for what seemed like a surefire bet:...

Submerged in securities: Many CMBS hospitality loans may be underwater soon
Southland Mall in Cutler Bay

Wells Fargo seeks to foreclose on Southland Mall in Cutler Bay

UPDATED, June 9, 3:20 p.m.: Even as malls reopened in South Florida, those that are struggling could wind up...

Wells Fargo seeks to foreclose on Southland Mall in Cutler Bay
Mall of America in Minnesota (Farragutful via Wikipedia)

Mall of America falls behind on $1.4B mortgage

The country’s largest shopping mall has reportedly fallen behind on its $1.4 billion mortgage, posing a threat to the...

Mall of America falls behind on $1.4B mortgage
Jamie Dimon of JPMorgan, Southland Mall and Investcorp co-CEOs Rishi Kapoor (top) and Hazem Ben-Gacem (Credit: Getty; Southland; Investcorp)

Investcorp wants out of struggling Southland Mall

As retail continues to be battered by coronavirus, one South Florida mall owner has given up seeking relief and...

Investcorp wants out of struggling Southland Mall
Hudson’s Bay CEO Richard Baker (Credit: Getty; iStock)

“Corporate shell game”: Special servicer says Hudson’s Bay undermined $850M loan

The special servicer for an $850 million CMBS deal has accused Hudson’s Bay Company of engaging in a “clandestine...

“Corporate shell game”: Special servicer says Hudson’s Bay undermined $850M loan
A Wework location in Beijing on May 6, 2020 (Credit: Wang Zhao/AFP via Getty Images)

WeWork’s rental woes slam CMBS market

WeWork’s efforts to renegotiate several of its leases and skip rent payments is causing the price of bonds backed by payments from the company to plummet. Many WeWork tenants have requested rent relief or...

WeWork’s rental woes slam CMBS market
(Credit: iStock)

CMBS debt relief inquiries fall in late April, but worst is yet to come, new report says

After facing a tidal wave of relief requests in the first half of April, loan servicers saw a dip...

CMBS debt relief inquiries fall in late April, but worst is yet to come, new report says
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