Commercial properties such as hotels and malls may have lost as much as a quarter of their value as the pandemic devastated the retail and hospitality businesses, along with other sectors. The value of the collateral for commercial mortgage-backed securities has been written down by 27 percent on average when properties get into trouble, the Financial Times reported, citing data from Wells Fargo. New appraisals are done when commercial real estate property owners fall behind
source https://therealdeal.com/2020/09/28/troubled-commercial-properties-see-values-fall-27-report/
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