Tom Lehman on South Florida Hotels Facing CMBS Debt

Tom Lehman is quoted in The Real Deal discussing the impact of COVID-19 on the South Florida hotel industry. As a large volume of CMBS loans come due, some hotels may risk being taken over by special servicers. “It’s low-rate money when you get it, and as long as you can pay it off it’s a great deal. But if you experience any turbulence these are very tough agreements,” said Lehman. Read more.