SASB-Backed Loans Stay Out of Special Servicing

Most loans that it analyzed have adequate cushion to sustain a moderate decrease in cash flow.

By Les Shaver | November 20, 2020 at 07:33 AM

Unlike other CRE categories, single-asset/single-borrower loans backed by office properties have fared relatively well in the pandemic, according to a report from DBRS Morningstar.

With longer leases and few mandatory shutdowns of office space, rent collections have remained strong in the SASB space through Q3. As of October, there were no SASB office loans in special servicing. Across the entire CMBS universe, the special servicing rate for office properties stood at 2.95% as of October.

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