You already know about the DBSI bankruptcy earlier this month if you play in the CRE space, but the connection to CMBS hasn't really been broad market news despite a Moody's downgrade on the MLMT 2008-C1 deal (8% exposure to DBSI).
Bridger is advising, defaults & liquidations are likely, and losses are expected given the market. I haven't done the credit work necessary to make a judgement on how bad losses may be, though the properties may all be performing well and things may not be too bad - I have no idea yet. The Bankruptcy has its own blog, how hip is that - http://blog.dbsi.com/
Posts
No comments:
Post a Comment