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. Hotels have been especially hard hit as travel has diminished amid COVID-19 shutdowns, with many operators reporting single-digit occupancy rates. Commercial properties in the U.S.
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