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In stark contrast to the US, Europe’s CMBS loans have largely avoided emergency treatment, according to the London-based firm.
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Forbearance by lenders has meant relatively few loan defaults in Europe’s real estate debt market. But servicers are poised for an influx of workout mandates in the New Year.
The world’s largest CMBS servicer says its actual special servicing activity during the covid-19 crisis is more than what the numbers show.
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