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$16.6B In CMBS Loans Granted Some Form of Relief in July

Nearly two-thirds of loans granted forbearance were for hotels.

Nearly $16.6 billion in commercial mortgage-backed security loans were granted some form of relief as of July, with the lodging and retail sectors accounting for the bulk of forbearances, according to a new Trepp analysis of remittance comments.

The review found about 400 loans were granted relief, though that number will likely increase. Nearly two-thirds of forbearances granted thus far were on hotel loans, and 25% were for retail loans, according to Trepp. Outside of those industries, which have been especially hard-hit by the COVID-19 outbreak, only a few industrial, multifamily or office loans were approved for forbearance.

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Nate Robson

Nate Robson

Nate Robson is the U.S. Supreme Court and regulatory editor. Contact him at [email protected]. On Twitter: @Nate_Robson1.

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