Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As of April 30, more than $80 billion in CMBS loans backing US commercial real estate assets is in the hands of special servicers for a variety of reasons, according to Trepp data (see chart below)—from maturing loans made at the height of the market in 2007 that are having difficulty finding refinancing to truly distressed assets that are not generating enough income to cover their debt. Approximately 60% of loans maturing in the first quarter of 2012 were not paid off; the result is that situations arise where a special servicer, a controlling debt holder or an opportunistic investor who purchases a controlling debt position can take strategic action to create value.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.