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Changing Mentality

New York
Changing Mentality
Trepp Chart on Special Servicing
We showed JLL research wiz Raj Aidasani Trepp's latest research for Bisnow, and he tells us across the CMBS universe, we are finally seeing a slowdown of loans moving to special servicing. The return of the debt capital markets and the significant amount of capital looking to invest has encouraged servicers to shift from their “extend and pretend” mentality to actively modifying loans, which has led to increased sales, he notes. It's not surprising to see New York faring better than the national average, as investor demand remains high for major markets, with New York at or near the top of the list.