And while LNR has yet to make a formal announcement of itsplans, industry observers believe any decision may have farreaching implications for commercial real estate. After all, thecompany's special servicing arm, LNR Partners, manages a quarter ofall loans in special servicing.
LNR's booming special servicing business, which according toFitch Ratings has more than doubled in the past year, may indeed becontributing to its current woes.
"They may be attempting to get out from underneath theirobligations to advance interest payments to the unsubordinatedsenior tranches," says Greg E. Schecher, managing member ofLexington Capital Advisors LLC in Boca Raton, FL.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
