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As Distressed Loans Surge, CMBS Borrowers See Control Shift to Special Servicers

Pandemic Causes Workload to Rise 65% in April, Fueled Largely By Troubled Hotel Loans
Hotels led a surge in new commercial mortgage-backed security loans going into special servicing. (Getty Images)
Hotels led a surge in new commercial mortgage-backed security loans going into special servicing. (Getty Images)

The volume of commercial mortgage-backed security loans in need of help surged in April and may only be a precedent to a bigger escalation yet to come.

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News | As Distressed Loans Surge, CMBS Borrowers See Control Shift to Special Servicers