distressed debt


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Distressed real estate investors are digging through commercial mortgage-backed securities to seize, fix and flip troubled properties. (iStock)
National

Distressed investors tap throwback strategy, target CMBS

Distressed real estate investors, short on troubled properties, have turned to a crisis-era favorite to suss out potential deals:...

Distressed investors tap throwback strategy, target CMBS
Daniel Heflin of Torchlight and 445 Fifth Avenue. (Google Maps, LinkedIn via Heflin)

Torchlight buys $40M delinquent Fifth Avenue retail loan

New York’s much-anticipated distressed deals could finally be starting to appear. The Canadian bank CIBC sold a delinquent $40...

Torchlight buys $40M delinquent Fifth Avenue retail loan
Cerberus Global Investments President Lee Millstein
National

Cerberus raises nearly $3B for new real estate fund

Cerberus Capital Management has raised about $2.8 billion for a new real estate fund — exceeding its target of...

Cerberus raises nearly $3B for new real estate fund
229 West 43rd Street in New York and Two Westlake Park in Texas. New York and Texas are the states with the largest exposure to loans with appraisal reductions. (Photos via iStock; Google Maps; JLL)
National Insights

What appraisal reductions mean for future losses on CMBS loans

As delinquency rates for commercial mortgage-backed securities settle into a new normal after early pandemic chaos, other market metrics...

What appraisal reductions mean for future losses on CMBS loans
HFZ's Ziel Feldman and CIM's Shaul Kuba (Getty, iStock)

HFZ sues CIM to halt condo foreclosure sale

UPDATED, Nov. 12, 2020, 2:28 p.m.: HFZ Capital Group is making a last-ditch attempt to stop its lender from auctioning off loans tied to four of the firm’s Manhattan condo projects. The prolific developer...

HFZ sues CIM to halt condo foreclosure sale
HFZ Capital principals Ziel Feldman and Nir Meir with 1135 Lexington Avenue (Gettyl; HFZ; Google Maps)

HFZ sued over delinquent loans at Upper East Side project

HFZ Capital Group continues to have trouble meeting its debt obligations. The lender at HFZ’s planned project on Manhattan’s...

HFZ sued over delinquent loans at Upper East Side project

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