Trouble in #NYC hotel CMBS world:
📌Distrikt Hotel mortgage transferred to spec svc on 4/1 due to “imminent monetary default”
📌makes up ~3.6% of collateral behind the $MS led MSBAM 2012-C5 CMBS conduit transaction
📌struggled before #Covid_19

#bonds #investment #economy #stocks https://t.co/A6eiAXU1XM