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Office building in the suburbs of Chicago

Chicago Suburbs Hit Hard by Rising CMBS Loan Defaults

Chicago is facing a significant challenge as it ranks second in the United States...

Looking up at tall downtown Manhattan business towers stretching up into the blueish-grey fog above.

Understanding the Differences Between CMBS Master vs. Special Servicer

Our clients often tell us that they have “spoken to the Servicer” and they...

Close up of two business people shaking hands on a sidewalk in New York City.

What a Borrower Should Expect When Negotiating With the Special Servicer on a Distressed CMBS Loan

When a CMBS loan experiences distress, most borrowers assume that their lender’s...

Busy Times Square intersection on a grey day, with billboards, tall buildings, and people crossing the street.

Why Special Servicers Are Reluctant to Offer Discounted Payoffs on a CMBS Loan In Distress

There are several reasons why a CMBS special servicer might be reluctant to offer...

Commercial building falling off a cliff

$16B in CMBS loans nearing cliff in NYC

Michael Cohen, founder of the CMBS workouts shop Brighton Capital Advisors, said...