Case Studies
Hospitality-TX
Senior Housing Northeast Portfolio
Hospitality-TX
Negotiated reduction of principal balance, interest only payments, and expanded use of FF&E reserves due to severe decline in occupancy from a combination of Covid-19, oil & gas market volatility, and an over supply of hotels in the market.
Retail- GA
Senior Housing Northeast Portfolio
Hospitality-TX
Short term relief negotiation on a CMBS note due to loss of anchor tenant. Negotiated expanded use of capital expenditure reserve, interest only payments for a period of 15 months, waiver of deferred interest, and alleviated temporary cash management for borrower.
Senior Housing Northeast Portfolio
Senior Housing Northeast Portfolio
Senior Housing Northeast Portfolio
Ongoing negotiations for long term debt service relief to an asset class severely impacted by Covid-19 with an anticipated recovery window of 3-5 years. Modification to debt includes interest only payments, deferment of principal, waiver of deferred interest and ongoing servicing fees.