Special servicers see more troubles ahead
Special servicers have seen a lightening of the load with regard to hotel assets during recent months, but it might be the calm before the storm. With a flurry of loan maturities during the next three years, special servicers anticipate a hectic schedule. Until then, things have begun to slow, according to several special servicers participating in a panel discussion during last week’s 10th annual Fishing for Solutions conference at the Gaylord Texan Hotel & Convention Center. Panel moderator Kevin Donahue, VP of special servicing at Midland Loan Services, said the pace of transfers has moderated and it seems better because 2009 was such an extraordinary year.