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The multifamily sector could be in the crosshairs of the coming distress.
The New York-based banking giant has been working to actively reduce its balance-sheet exposure to the sector since the start of the year.
RV ownership has risen by more than 60% in the past two decades and the park sector is still heavily fragmented.
Blend and extend is the latest iteration of the 'extend and pretend' strategy frequently seen in the wake of the Global Financial Crisis.
US flag flies in front of the US Capitol in Washington DC with cash behind the dome to illustrate coronavirus stimulus payment
US bank lenders will face stricter capital requirements with proposed regulatory changes.
Borrowers and lenders alike are keeping an eye on rising levels of distress, while the industry faces roughly $1.3trn of loans slated for maturity over the next three years.
Manager will pay a total of $2.07bn for asset-backed loans, and a portion of its unfunded commitments.
Investors should avoid a ‘wait-and-see’ approach to the unfolding financial turmoil, says Kevin Tatro, Trimont’s managing director of special servicing
Greystone arranged the financing package for 1057 Atlantic Avenue.

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