Trepp Inc.
$800M Manhattan Tower Loan Goes to Special Servicing
A REIT and a major private investor own the 27-story building.
Brookfield Tower Could Enter Foreclosure Over $133M Loan
The property is part of a multi-building office campus in Brooklyn.
Creditor Takes Hit on Office-Backed CMBS Debt
When an underlying loan for a 20-building campus was sold at discount, the riskiest portion was wiped out.
2024 Special Servicing Rates
The rate has neared 10 percent for the first time in four years.
Capital Ideas: Dissecting Distress
Will lower interest rates help troubled CRE borrowers in the office market? Not likely, says Trepp’s Lonnie Hendry.










