Brief
CMBS Special Servicing Rate Improves in May
The Trepp CMBS Special Servicing Rate decreased by 51 basis points in May to 10.86%. The improvement was driven primarily by the return of a massive office loan backed by One New York Plaza in Lower M
The Trepp CMBS Special Servicing Rate decreased by 51 basis points in May to 10.86%. The improvement was driven primarily by the return of a massive office loan backed by One New York Plaza in Lower Manhattan (pictured) to the master servicer and denominator effects. The One New York Plaza loan went into special servicing...
Source
- Connect CREconnectcre.com
