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Tag: mortgage

Retail, hotel borrowers skip mortgage payments: Trepp

The coronavirus outbreak is already causing a spike in commercial mortgage delinquencies in the hotel and retail sectors, a new analysis finds.  The data speaks to a bigger fear haunting the commercial real estate industry: That Covid-19 could spark an even bigger mortgage crisis than the one in 2008, which devastated American homeowners.  Commercial mortgage-backed …

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Mall owners worried over mortgage payments as retailers skip rent

This April 25, 2019 file photo shows the exterior view of the construction site of the American Dream mall in East Rutherford, N.J. Julio Cortez | AP Retailers are worried about paying rent because of the damage from the coronavirus pandemic. And that has mall owners increasingly worried about meeting their own obligations. Mall of …

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Philip Green secures last-ditch £310m Topshop mortgage deal | Business

Sir Philip Green has secured a last-ditch £310m mortgage deal for his flagship Topshop store on Oxford Street in London with the US private equity company Apollo Management International. The deal will be a relief to Green’s family business, which owns Arcadia Group, the parent company of high street brands including Miss Selfridge, Wallis and …

Philip Green secures last-ditch £310m Topshop mortgage deal | BusinessRead More