Hotel CMBS Flowing, But Lenders Stay Tough In Negotiations

Law360, New York (October 15, 2013, 8:10 PM EDT) -- The portion of commercial mortgage-backed securities backed by hotel loans has skyrocketed this year. But while money is flowing faster into the asset class, attorneys say lenders are still insisting on the tough terms they required during the recession, meaning negotiations continue to be challenging.

CMBS financing for hotels is more available than its been in years, with competition for the securitized financing tool up and lenders increasingly on the hunt for new opportunities to seize. But while the amount lenders are willing to loan out...
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