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McKool Smith principal Gayle Klein provided commentary to Law360's article, "4 Considerations For CMBS Loans As Default Rates Soar." As COVID-19 pandemic continues, more commercial mortgage-backed securities borrowers are defaulting on their loans. Hence, the article summarized four considerations for borrowers and special servers to consider: Negotiations with servicers will take time, Hotels will likely be quick to look for solutions, Relief could come from Washington and onus Is on borrowers to make their case. Gayle explained that "…because of the unprecedented effect of the pandemic on the economy, the special servicer is going to be looking through a different lens. And the decisions will be more difficult." Read the full article here.


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