by Kipp Gillian | Jan 16, 2026 | Distressed Assets
David Frosh During the late 2010s and early 2020s, low-interest-rate mortgages and short-term loans were rampant. However, the Federal Reserve’s rapid increases in the Effective Federal Fund Rate in 2022 and 2023 sparked fear that refinancing these loans would be...
by Kipp Gillian | Jan 15, 2026 | Distressed Assets
The Trepp CMBS Special Servicing Rate decreased 15 basis points in December 2025 to 10.71%, led by declines in the office and lodging rates. However, Trepp noted that performance varied by property type. Additionally, the overall rate is up by 82 bps from...
by Kipp Gillian | Jan 15, 2026 | Distressed Assets
Hackman Capital Partners is expected to cede ownership of Radford Studio Center, the historic L.A. production facility, to lenders after defaulting on a $1.1-billion mortgage, Variety reported, citing a Bloomberg News account. Hackman, the world’s largest independent...
by Kipp Gillian | Jan 14, 2026 | Distressed Assets
Following its bankruptcy filing late Tuesday, Saks Global Holdings LLC announced Wednesday it has secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the company’s senior secured bondholders and...
by Kipp Gillian | Jan 8, 2026 | Distressed Assets
Vornado Realty Trust has acquired 3 E. 54th St., a demolition-ready office property situated on 18,400 square feet of land, for $141 million. The REIT acquired the mortgage on the property, formerly owned by Cohen Brothers Realty, in two transactions in 2024 and 2025;...
by Kipp Gillian | Jan 8, 2026 | Distressed Assets
Top-line CMBS delinquency rates moved higher through 2025 and are expected to remain range-bound in 2026, as strong issuance continues to offset rising dollar volumes of delinquent loans, Trepp reported. Although the overall delinquency rate ended 2025 at 7.30%,...
