easy · Asset-Backed Securities
In a conduit CMBS transaction with 60 loans, a property's Debt Service Coverage Ratio (DSCR) falls to 0.95x. A specific transaction party is now empowered to negotiate a modification or take a deed in lieu of foreclosure.
Who is this party?
- Controlling Class Representative.
- Special Servicer.
- Master Servicer.
- Trustee.
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