Loading ...“According to CMBS strategists at Barclays, buyers of the AAA portion of a $308 million note backed by the mortgage on the 1740 Broadway building in midtown Manhattan received less than three-quarters of their initial investment in recent weeks after the loan was dumped at a sizeable discount. All low-tier creditors were wiped out.”
This is just light rain before the tsunami! All the covid response BS has killed the commercial real estate market. Maybe this is what they wanted … or is it just stupidity?