Guggenheim Structured Real Estate replaced Bank of America as the servicer on debt tied to hotel company MeriStar Hospitality as investors seek to gain control of loan restructurings amid surging defaults. The commercial mortgage fund operator, a unit of Guggenheim Partners which has more than $100bn in assets under supervision, took over management of the $284.5m loan two weeks ago, according to people familiar with the transaction.
Guggenheim ousts Bank of America as mortgage funds take control
Most Popular Articles
Latest Articles
The best real estate podcasts for agents and brokers in 2024
The best real estate podcasts to motivate, inspire, entertain and enlighten you this year.
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program
-
Retirement confidence hasn’t fully recovered, but survey shows hope for future prospects