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Los AngelesThe wild fires raging through California are fueling commercial loan risk exposure. According to credit rating agency DBRS, there are approximately 10 properties with a total loan balance of $300 million of risk exposure as a result of the Hill and Woosley fires in the Los Angeles area. These properties are located in areas where the fires have occurred. FEMA, however, has designated the entire county of Los Angeles a disaster impact area, which inflates the loan risk exposure numbers significantly.

Tracking loan exposure during natural disasters is part of DBRS’ standard oversight. “We look for areas of potential exposure so that we can send questions to the servicer, and the servicer does that once the event happens,” Gwen Roush, VP of North American CMBS at DBRS, tells GlobeSt.com. “Once the event happens, we can get a firm county of the number of properties and that is really where the work to get our arms around the potential exposure begins.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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