Hotels, retailers and other profit-minded tenants are falling behind on rent at a torrid pace during the pandemic, pushing commercial real estate loans in ‘special servicing’ to $32 billion in May, more than double the late-February tally, according to Moody’s Investors Service. Read More...
There’s now a $32 billion pile of commercial real estate loans in special servicing, the first step to debt relief
Hotels, retailers and other profit-minded tenants are falling behind on rent at a torrid pace during the pandemic, pushing commercial real estate loans in ‘special servicing’ to $32 billion in May, more than double the late-February tally, according to Moody’s Investors Service.
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