Law360, New York (July 23, 2012, 9:19 PM ET) -- With billions in securitized commercial hotel mortgages coming due this year — and a good chunk facing the ugly prospect of default — hungry private-equity-backed investors are picking up luxury and midlevel properties at highly favorable terms, experts say.
A large chunk of the massively optimistic loans inked before the real estate market nose-dived in 2007 and 2008 are coming due this year, with at least $9.1 billion in hotel mortgage-backed securities set to mature, according to data from financial research firm Trepp LLC.
With lenders...
PE Investors Nab Hotel Steals As Huge Loans Come Due
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