JPMorgan, DB issue $893m CMBS with heavy hotel exposure
While the transaction has above average concentrations of hotel loans, which are more likely to default, it also has an overall lower than average loan-to-value, according to Fitch.
While the transaction has above average concentrations of hotel loans, which are more likely to default, it also has an overall lower than average loan-to-value, according to Fitch.
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