Continued interest rate increases by the Federal Reserve have an impact on the ability of lenders to refinance loans, which can lead to defaults. But despite the elevated debt cost, the pace of defaulted loans has slowed from the prior peak in 2022.
Defaults Persist on Hotel CMBS Loans, But at Slower Pace than in 2022
About One-Fifth of Loans Maturing in 2023 Are in Default
By Jan Freitag
CoStar Analytics
August 4, 2023 | 5:02 P.M.
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