CoStar Money: Retail CMBS Loan Distress Comes in All Shapes and Sizes

 By Mark Heschmeyer

CoStar News

June 10, 2021 | 10:46 A.M.

Nearly 18% of the square footage in U.S. malls and shopping centers tied to loans on the commercial mortgage-backed securities market was behind in payments or transferred to special servicing as of mid-May, according to data collected by CoStar.

That’s more than 1,000 properties where borrowers are working to pay back their debt while the pandemic poses economic challenges for brick-and-mortar stores. Delinquent and specially serviced retail CMBS loans were shown to back more than 140 million square feet of property.

Combining CMBS reporting data with ....

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