With scarce revenue, the Ghermezian family, which owns the mall, can’t keep up with the bills on the complex.
The CMBS market has had an active year so far in 2021, but the types of deals getting done have changed.
The company, which is rapidly accelerating the number of homes it purchases, plans to use the proceeds to help increase acquisitions.
More owners have been able to catch up on delinquent loans, which has short circuited predictions of a massive pandemic-induced distressed real estate cycle.
A look at commercial real estate’s secondary mortgage market makeover.
Advisors, and their accredited investor clients, should take note of this previously niche capital-raising method.