CMBS Loan Maturities and COVID-19Last year was a rough year for many CMBS borrowers, particularly those owning hotels, retail space (shopping centers) and office buildings. In a matter of a few short weeks our nation went into lockdown. Even in
Banking Misconduct Blog
The Banking Misconduct Blog, published by Mahany Law, focuses on issues related to commercial real estate financing, particularly challenges arising from commercial mortgage-backed securities (CMBS). It covers topics such as loan maturities, borrower defaults, lender liability, and conflicts of interest involving financial institutions. The blog also addresses the impact of economic disruptions on shopping centers, hotels, and office properties, including tenant relations and loan negotiations. Additionally, it discusses the structure and risks of CMBS tranches and the roles of various investors in these securities.
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Mall Says It Didn’t Default on Wells Fargo Loan (False Default)
We have represented many shopping centers, office parks and hotels. In recent times, many have missed payments because of the pandemic. While courts are usually sympathetic to borrowers who are struggling because of low occupancy or tenants that won’t pay,…
JP Morgan Sued for Conflict of Interest (Lender Liability Post)
organ Sued Over Its Involvement in the Sale of Good Technology Inc.
Good Technology Inc is a mobile security provider that is today owned by BlackBerry Limited. How BlackBerry acquired the company and the price they paid is at the…
CMBS Mortgages and B Piece Buyers
In today’s commercial real estate market, commercial loans are often pooled together to create commercial mortgage backed securities (CMBS). These loan pools typically have several tranches. Each varies in credit quality and payment priority.The first-to-be paid tranches of bondholders usually…
Shopping Centers Say Lender Interfering with Tenants
So many shopping centers are struggling to stay afloat during the pandemic. Even with a vaccine, many experts say that the face of retail shopping has changed forever. How many people will permanently shop online once things return to normal?Since…
Hotels and Hospitality Industry – CMBS Update
It’s been a very long year for our friends in the retail and hospitality industry. Many mall and hotel owners are barely hanging on. Many are in default although special servicers have not actively sought to foreclose on most defaulted…
Hotel Values Plummet – Borrowers Seeking Help
Anyone who owns an office building, shopping center or other commercial space has probably seen their property values decrease since the pandemic began. Particularly hard hit are hotels, especially those in tourist areas.
The Financial Times reported in September that…
Hotel and Shopping Center Loans in a Freefall – How to Survive
Recently we read a story about the effects of COVID-19 on the hospitality and retail industry. It said that borrowers in “pandemic freefall struggle to avoid default.” Unfortunately, those struggles are real. We are seeing the worst year on record…
Anatomy of a Lawsuit Against Rialto Capital Partners
[This post is taken from court documents and a story published by Law360. Although we represent the Plaintiffs in the lawsuits, we do not comment on pending litigation.]
Many commercial projects are financed with CMBS loans. Short for “Commercial Mortgage…
COVID-19 Crisis Management for Hotel Owners
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