DBRS Morningstar Releases Commentary on Impact of Coronavirus on Maturing CMBS Loans Backed by Regional Malls

DBRS Morningstar released a commentary entitled, “Coronavirus Puts Pressure on $4.6 Billion of Maturing CMBS Loans Backed by Regional Malls.”

The commentary outlines the issues facing commercial mortgage-backed security (CMBS) loans secured by regional mall properties as the retail industry grapples with the economic impacts of the Coronavirus Disease (COVID-19). DBRS Morningstar has identified 49 CMBS loans, comprising over $4.5 billion of debt, secured by malls across the U.S. that are scheduled to mature in 2020 and 2021. Some of these malls have experienced performance declines which, combined with a generally tepid investor and lender appetite for regional malls and the more recent uncertainty surrounding the pandemic, suggest that these loans warrant close monitoring. The commentary highlights several mall operators and individual assets that may be most at risk in 2020 and 2021.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The commentary is available at www.dbrsmorningstar.com.

For more information on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

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