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Exploring Distressed Loans and Positive Developments in Commercial Real Estate
The chapter delves into the specifics of a distressed CMBS loan backed by a multifamily portfolio, detailing challenges faced, financial projections, and ownership. It also discusses distress in the office property sector, analyzing two loans in special servicing due to defaults, occupancy issues, and post-COVID dynamics. Furthermore, it highlights positive developments like big leases in Midtown Manhattan, an office building acquisition in Jersey City, and recent industrial property sales, emphasizing low leverage deals and long-duration industrial properties.