Read more from attorney Brian Cohen in this Commercial Observer article.
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Hits to CMBS and CLOs Are Bad News for Commercial Real Estate Financing
The loans in the CMBS pool vary in terms of asset class, loan amount and other economics; however, the documents are otherwise drafted by lenders to follow prescribed guidelines and therefore the legal terms of CMBS loans tend to be quite similar.
As lenders and borrowers try to get creative in working through ongoing distress in the real estate market, especially in certain asset...