Distress Radar · Free · Tuesdays
The week in commercial real estate distress, in five minutes.
One email every Tuesday at 9:00 AM Eastern. Which commercial buildings are in trouble, and what happens next.
- One situation taken apart: loan, collateral, appraisal, next date
- Five to eight more to track, tagged by stage
- Outcomes on earlier ones, and the dates coming up
The last five lead stories
- Nov. 3 · No. 16Worldgate Centre: a $28.2M bid against about $50M owed
- Oct. 27 · No. 15Illinois Center: $285.7M of debt on a $66M appraisal
- Oct. 20 · No. 14A $46.85M CMBS loan, and a $27.6M lien the trust says came first
- Oct. 13 · No. 13Pembroke Lakes Mall: $260M loan on $111.8M of collateral
- Oct. 6 · No. 122100 Ross: $79M unpaid, posted for auction today
Four parts, the same order every week
- 01
The File
One situation taken apart: the loan, the collateral, the latest appraisal, who is on each side, and the next date on the calendar.
- 02
The Radar
Five to eight more worth tracking, each tagged by stage. Special servicing, default, foreclosure suit, receivership, sale set, REO.
- 03
What happened
Outcomes on situations from earlier issues. Who won the auction, what the bid was, what the lender did next.
- 04
Dates to watch
Auctions, maturities, hearings and remittance reports coming up, so nothing on your list sneaks past.
Before you subscribe
Is it free?
Yes. Distress Radar is free and there is no trial clock. You get one email a week.
When does it arrive?
Every Tuesday at 9:00 AM Eastern. It takes about five minutes to read.
What does it cover?
Troubled commercial real estate debt in the United States: loans moving to special servicing, defaults, foreclosure suits, receiverships, trustee and sheriff's sales, and properties going back to lenders. Office, multifamily, retail, hotel and the occasional oddball.
Is this investment advice?
No. It is information about public situations. Nothing in an issue is a recommendation to buy, sell, lend on or bid for anything.
How do I unsubscribe?
There is a one-click unsubscribe link at the bottom of every issue. It works immediately.
Next Tuesday, 9:00 AM Eastern. Be on the list.
The loans, the buildings, the numbers and the next dates. One short email a week.