Eviction Bans, Surging Condominium Emptiness Fees Excursion up CMBS Backed by 43 Condominium Buildings

Dee Yonker

“Physical occupancy” rate (tenants dwelling in the condominium) v. “economic occupancy” charge (tenants essentially paying lease). By Wolf Richter for WOLF Avenue. A $481-million mortgage that experienced been securitized into a Commercial Mortgage Backed Protection (CMBS) in July 2019 by JPMorgan Chase and is backed by 43 apartment buildings with 8,671 condominium units […]

“Remote Learning” Sinks College student-Housing CMBS, Immediately after Delinquencies Experienced Presently Spiked in 2019

Dee Yonker

The previously very hot asset course was by now troubled by a multiyear decline in student enrollment and a surge in upscale supply. By Wolf Richter for WOLF Road. “Student housing,” a subcategory of multifamily housing (residences) in commercial true estate, is now dealing with an existential crisis – very similar to retail […]

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