Distressed US Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Data Shows
PYMNTS
SEPTEMBER 27, 2020
The Financial Times (FT) reported the evidence of the losses can be seen in the commercial mortgage-backed securities (CMBS) market from appraisals. Typically, new appraisals are ordered when a commercial property owner falls behind in mortgage payments. The newspaper reported the hotel has not made a mortgage payment since March.
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