Kroll Bond Rating Agency, Inc. (Kroll) recently released a special report on an auction of real estate properties that were occupied by Toys “R” Us. The auction was conducted over a two-day period on August 13 and 14, 2018. Of the total 246 properties, 123 partially secure a $512-million loan that … [Read more...] about 8.27.18: Kroll Special Report: TRU 2016-TOYS Auction Results
Kroll Bond Rating Agency (KBRA) has created a monthly index to track CMBS loans that it believes are at risk of default. The index tracks not only loans that are already delinquent or in default, but more important, loans that face a high risk of default in the future. These loans, known as … [Read more...] about 4.24.18: Kroll to Track CMBS “Loans of Concern”
In its February CMBS Trend Watch, Kroll Bond Rating Agency (KBRA) notes that 2017 continued its sluggish start with $3.8 billion of CMBS securities priced in February. Year-to-date volume is down 48.5% from a year earlier and is the lowest it has been since 2012. However, KBRA notes that based on … [Read more...] about 2.28.17: Kroll Releases February CMBS Trend Watch
Kroll Bond Rating Agency (KBRA) released this month’s CMBS Trend Watch. In the August edition, we note that $4.2 billion of private-label issuance priced, bringing the year-to-date total to $37.3 billion, down 45% year over year. We expect September to be a busy month in terms of deal issuance, as … [Read more...] about 8.31.16: Kroll Releases August CMBS Trend Watch
On June 28, John Q. Hammons Hotels & Resorts announced that the Revocable Trust of John Q. Hammons (JQH Trust) and its related affiliates (the affiliated group) have filed voluntary petitions in order to restructure under Chapter 11 of the U.S. Bankruptcy Code. The affiliated group includes the … [Read more...] about 6.28.16: Kroll Reports on John Q. Hammonds’ Bankruptcy Effect on Its CMBS Loans
Joseph Kelly, Senior Director at Kroll Bond Rating Agency (KBRA), recently spoke at the Regional Conference of Mortgage Bankers convention in Atlantic City, New Jersey. KBRA was established in 2010 in an effort to restore trust in credit ratings by creating new standards for assessing risk and by … [Read more...] about 3.9.16: Did You Know Kroll’s CMBS Reports Are Free?