Not your “golfing buddy”: CRE pros on dealing with special servicers

Since the start of the coronavirus crisis, hundreds of CMBS loans — primarily in the lodging and retail sectors — have been transferred to special servicers as a result of serious cash flow problems. And hundreds of borrowers have had to get on the phone with special servicers to work out next steps. While the securitized nature of CMBS loans has long allowed borrowers to access debt at more attractive rates than those offered by

source https://therealdeal.com/2020/08/20/not-your-golfing-buddy-cre-pros-on-dealing-with-special-servicers/