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...
Specialty Retailer Claire's Files for Chapter 11
15 hours ago