Shihao Feng
The financing is one of the final deals of 2022 for Square Mile, a New York-based investment manager.
The hotel management company closed the deal in the last days of 2022.
2022 will witness LifeComps’ worst performance in history.
The loan is backed by properties with diverse locations and tenants.
Despite headwinds around CMBS issuance, downgrade risks are not severe.
The portfolio is made up of 821 units and comes as more investors are looking at opportunities in the sector.