Hit hard by its subtenants’ inability to pay on time, an affiliate of executive suites and coworking company International Workplace Group has filed for Chapter 11 bankruptcy protection. The bankruptcy filing, by RGN-Group Holdings, does not augur well for properties where IWG, the company behind Regus and Spaces, is the biggest tenant. The sites’ cash flow risk will likely also spread to CMBS loans backed by IWG-leased properties, according to a recent report from Kroll
source https://therealdeal.com/2020/09/04/how-a-co-working-firms-bankruptcy-endangers-cmbs-loans/
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