That could have been way worse.... Barclays reported today that this month's remit for CGCMT 2008-C7 reflected a 48% loss severity, hitting the J tranche on that deal.
See our prior thoughts here.
And, btw, I'm back - Apparently everything wasn't really 'better' in CRE-land like they told me...
Monday, June 13, 2011
Red Roof Inn - 48% Loss Severity
Labels:
Accor,
BSCMS 2007-PW17,
BSCMS 2007-PW18,
CD 2007-CD5,
CGCMT 2008-C7,
Hotel,
Motel 6,
Red Roof Inn
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4 comments:
pardon the ignorance but back from?
The dark side...
Everything is not better in CRE-land? Please keep that quite - those of us with fund money to spend are busy trying to reinflate the bubble and several lenders appear to be game for it..
welcome back DarkSpace!!! We missed you!
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