Hotel loans packaged into CMBS show high default rates

08/5/2009 | Commercial Property Executive

Eight recently defaulted hotel loans valued at more than $100 million linked to CMBS issues have gone into special servicing, Fitch Ratings said in a recent report on the CMBS market. The rating agency pointed out four of the 10 largest CMBS loans now classified as delinquent have received appraisals confirming declines in value. This suggests investors might suffer significant losses, Fitch said.

View Full Article in:

Commercial Property Executive

Published in Brief: