A bipartisan bill introduced in Congress on Wednesday is intended as a lifeline for hotel and shopping-center CMBS borrowers. The measure would provide preferred equity to borrowers hurt by the coronavirus pandemic, taking from a $454 billion pool set aside for struggling businesses in the earlier stimulus bill, the Wall Street Journal reported. Roughly 10 percent of CMBS loans were delinquent by 30 days or more in June, according to Trepp. “The numbers are getting
source https://therealdeal.com/2020/07/30/congress-pitches-relief-to-struggling-hotel-mall-cmbs-borrowers/
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