JULY 15, 2020

Top Story

Investment

Wave of Rescue Capital Moves on Ahead of Opportunistic Buyers

By Beth Mattson-Teig, Contributing Writer

Rescue capital is hoping to beat opportunistic investors to the punch when it comes to providing needed liquidity to distressed commercial real estate. Although both groups are hoping to generate alpha returns, rescue capital aims to provide a shorter term solution with preferred equity, mezzanine debt or fresh joint venture money to help owners hold onto troubled assets.

FULL ARTICLE

Analysis

Commentary

Somewhere Over the Rainbow: A Guide to Successful Loan Workouts (Part Three)

By Susan J. Booth, Holland & Knight

If you are a mortgage lender who followed the recommendations in the first two articles in this series, then you have performed due diligence on your mortgage portfolio and have taken note of the many options that are potentially available to you to move forward with your workout, understanding that not all options are available in all circumstances. The next step, and by far the most challenging, is to develop a workout strategy for your mortgage loan.

FULL ARTICLE

Finance

Lenders Provide “Mixed Bag” of Relief to CRE Borrowers

By Beth Mattson-Teig, Contributing Writer

Lenders and CMBS special servicers are still scrambling to work through the growing backlog of forbearance and relief requests. Borrowers looking for clues on just how far lenders are willing to bend—and what comes after initial relief expires—are finding that there is no cookie cutter approach.

FULL ARTICLE

Podcast

Retail

How Malls Are Being Used for More Than Just Shopping

NREI Staff

In episode 39 of NREI's Common Area podcast, David Bodamer speaks with Lou Conforti, CEO of Washington Prime Group (WPG). WPG is a retail REIT and a recognized leader in the ownership, management, acquisition, and development of retail properties.

LISTEN HERE

NREI Wire

Blackstone to Shutter Real Estate Income Fund That Held CMBS

Bloomberg

Blackstone Group Inc. is closing a real estate fund that used leverage to load up on commercial mortgage backed securities, investments that have slumped during the Covid-19 pandemic.

FULL ARTICLE