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.
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
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Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio