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Distressed Property Count Climbs, Loan Downgraded on Twin Chicago High-Rises, Pebblebrook Refinances Margaritaville Resort

A Weekly Look at the Commercial Mortgage-Backed Securities Business
A loan on a portfolio of 14 office properties leased to State Farm, such as this one in Murfreesboro, Tennessee, recently moved into special servicing. (Andrew Nelson/CoStar)
A loan on a portfolio of 14 office properties leased to State Farm, such as this one in Murfreesboro, Tennessee, recently moved into special servicing. (Andrew Nelson/CoStar)
CoStar News
September 14, 2023 | 1:40 P.M.

Distressed Property Count Climbs: After declining in July, the number of properties backed by commercial mortgage-backed securities loans in special servicing moved sharply higher in August. The number of properties jumped to 2,275, up 5.8%.

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