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