The Pandemic Could Do Permanent Damage To Hotel, Retail CMBS Markets

Matthew Rothstein

Fri Nov 20 2020 05:00:00 GMT+0000 (Coordinated Universal Time)

The coronavirus pandemic has decimated retail and hospitality buildings’ cash flows and thus their owners’ ability to pay back their loans. Commercial mortgage-backed securities backed by retail and hotel properties have gone delinquent and been sent to special servicing this year at a higher rate than ever before.