The number of CMBS loans transferred to special servicers has ballooned during the coronavirus crisis, and has totaled $21 billion in the last 90 days. And most of those troubled loans are secured hotel and retail properties. From March through May, 439 commercial mortgage-backed securities loans were transferred to special servicing compared to a total of 674 loans and $9 billion for all of 2019, according to a recent report from Fitch Ratings. In January
source https://therealdeal.com/2020/06/22/trd-insights-pandemic-has-sent-over-20b-in-cmbs-debt-into-special-servicing/
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