by Kipp Gillian | Jul 10, 2023 | Distressed Assets
The Trepp CMBS Special Servicing Rate climbed 31 basis points in June to 6.42%. This represents the fifth increase in a row and the third largest this year. Six months ago, the rate was 5.17%, while 12 months ago, it was 4.91%. Most notable was the increase in the...
by Kipp Gillian | Jul 5, 2023 | Distressed Assets
Midloch Investment Partners closed its second “value fund” (Midloch Value Fund II) to new investors after raising $60 million. This comes after the recent sale of its Last Mile Penn industrial property in Minneapolis and the acquisition of three multifamily properties...
by Kipp Gillian | Jul 2, 2023 | Distressed Assets
Federal financial institution regulatory agencies have jointly issued a final policy statement on commercial real estate loan accommodations and workouts. The updates reinforce and build on existing supervisory guidance calling for financial institutions to work...
by Kipp Gillian | Jun 28, 2023 | Distressed Assets
Peer Street, Inc. and its affiliated companies, headquartered in El Segundo, have filed for protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The filing comes after the company laid off...
