Imagine that you are a borrower on a major commercial real estate project. Your project has plenty of equity but cash flow is tight. Despite the tough economy, you manage to hold on. As things get worse, the designated special servicer on your loan invites you to miss a payment so they can get involved […]
Have Special Servicers Lost Their Way? CMBS Post
If you are a commercial real estate borrower and your loan isn’t in trouble, chances are you haven’t heard of a special servicer. With many commercial loans in default, however, the special servicer business is booming. A master servicer typically services commercial mortgages. That entity typically collects rent and makes sure bills get paid. Most […]