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Home » Store » News » CMBS Sector Shows Expected Signs of Turbulence, Anticipated Plunge Looms

CMBS Sector Shows Expected Signs of Turbulence, Anticipated Plunge Looms

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Two major commercial MBS deals neared default and yield indexes soared this week, as all signs are pointing to a turn for the worse in the weakening CMBS market. A $209 million loan for Westin hotels in Tucson, AZ, and Hilton Head, SC, was transferred to a special servicer in October “due to imminent default,” Credit Suisse analysts said in a research note Tuesday. In addition...
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