In the News

Mark Silverman Highlights a Potential Obstacle to Buying CMBS Properties in Bloomberg

June 3, 2021

Mark Silverman, Chicago-based Member of Dykema’s Financial Industry Group and co-team leader of the Firm’s Commercial Mortgage-Backed Securities Special Servicer Group, was quoted in the Bloomberg article, “Distressed Funds Target CMBS Debt in Revival of Crisis Playbook.”

The article described how hedge fund Axonic Capital and startup Metamorphosis Hotel Capital Partners are taking control of, fixing, and flipping distressed properties whose mortgages are bundled into commercial mortgage bonds. Thought leaders expect to see more of this trend.

In the article, Silverman highlights one of the potential obstacles to buying CMBS properties.

Bloomberg subscribers may find the entire article here.