AUGUST 19, 2020

Top Story

Does the CMBS Sector Have a Fraud Problem?

By Beth Mattson-Teig, Contributing Writer

John Flynn will be the first to admit that it has been tough to get people to listen to his concerns about a potentially “pervasive” problem of lenders that had inflated net operating incomes on CMBS loan originations in order to make bigger loans. Flynn, a veteran of the CMBS industry, analyzed hundreds of loans that prompted him to file a whistleblower complaint with the SEC in early 2019. Although some industry participants remain skeptical of his claims, the recent COVID-19-fueled spike in CMBS loan delinquencies could bring new attention to how troubled loans were underwritten.

FULL ARTICLE

Analysis

Banks Facing Potentially Hefty Volume of Troubled CRE Loans

By Beth Mattson-Teig, Contributing Writer

Snowballing distress in commercial real estate loans is threatening to become an avalanche that could overwhelm banks.

FULL ARTICLE

New CECL Rules Could Further Constrain CRE Lending

By Beth Mattson-Teig, Contributing Writer

COVID-19 has further complicated an already complex adjustment to how banks have to account for potential losses on their balance sheets.

FULL ARTICLE

Some Investors See Now as the Time to Buy Hotels. Here’s What to Keep in Mind.

By Sebastian Obando, Staff Writer

NREI spoke to Nick Plasencia, managing director at The Plasencia Group, a commercial real estate advisory firm that focuses on hotels and resorts, about what investors can expect when examining lodging investment opportunities in the current market, how to bid competitively and what owning a hotel asset in this environment ultimately entails.

FULL ARTICLE

The Current Status of Eviction Bans by State

NREI Staff

Many elected leaders enacted emergency bans on evictions as part of COVID-19 relief measures. Those have now come to an end in some states.

FULL ARTICLE

Commentary

Somewhere Over the Rainbow: A Mortgage Lender’s Guide to Successful Loan Workouts (Part Four)

By Susan J. Booth

In the final article in her four-part series on loan workouts, Holland & Knight's Susan J. Booth outlines how to master the documentation involved in the process.

FULL ARTICLE

What to Consider When Purchasing Distressed Real Estate Debt

By Chauncey Swalwell

There lies an opportunity for investors where lenders prefer to sell off their debt rather than continue to try to work things out with borrowers.

FULL ARTICLE

Galleries

10 Retailers That Have—and 10 That Haven’t—Paid Their Rent as of the End of July

NREI Staff

Here are 10 retailers that have and 10 that have not paid rent through July, as the industry deals with the fallout from the COVID-19 pandemic.

FULL ARTICLE

COVID-19 Bankruptcies That Could Hurt the CRE Industry

NREI Staff

The massive economic hit from COVID-19 has forced scores of U.S. companies into bankruptcy. Here are some with the most significant potential repercussions for commercial real estate.

FULL ARTICLE