13 July 2020
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Meet the Money® Online: CMBS Special Servicing FAQs
It’s estimated that 20 percent of hotels in the U.S. have debt held in commercial mortgage-backed securities (CMBS). Among these hospitality industry borrowers are hotel owners needing financial relief due to the COVID-19 pandemic, many of whom are unfamiliar with working with master servicers and special servicers in the complex world of CMBS.
Unfortunately, there is much misinformation circulating in the business media about how special servicers work with borrowers needing debt relief.
On July 8, 2020, we addressed the myths and realities of working with CNBS special servicers in our Meet the Money® Online virtual roundtable, “CMBS Special Servicing FAQs.” The panel, moderated by JMBM’s Global Hospitality Group® Chair Jim Butler, featured CMBS experts including:
- Andrew Hundertmark, CEO, Argentic Services Company
- Curt Spaugh, Director, SitusAMC, Special Servicing Division
- Lindsey Wright, Senior Managing Director, Greystone Special Servicing
- Thomas J. Biafore, Partner, Kilpatrick Townsend
- Robert B. Kaplan, Partner, Jeffer Mangels Butler & Mitchell
Frequently Asked Questions about CMBS Special Servicing for distressed hotel and retail projects
Roundtable Topics discussed include: CONTINUE READING →