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New York tower struggles with leasing; Lender takes on hotel bond risk; Ashford lands loan relief

A weekly look at the commercial mortgage-backed securities business
A bond-rating firm’s review revealed declining performance at 237 Park Ave. in Manhattan. (CoStar)
A bond-rating firm’s review revealed declining performance at 237 Park Ave. in Manhattan. (CoStar)

This week’s column examines a New York office tower said to be facing a slowdown in leasing, a lender that’s taken on risk by buying hotel-backed bonds and Ashford Hospitality Trust’s extension of a $580 million loan. Read the entire piece by clicking “read more” below.

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