This upcoming year and next, many of the commercial mortgage-backed securities loans made before the 2008 market crash are coming due. Hotel borrowers in particular may have difficulty refinancing because of stricter underwriting standards and limited available capital for new hotel loans.
Loeb & Loeb partner Thomas Hanley was quoted as stating, “Hotels are much more of a hands-on operating basis than traditional commercial real estate. It requires a more specific understanding of the industry by the underwriter”
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