Guggenheim Structured Real Estate replaced Bank of America as the servicer on debt tied to hotel company MeriStar Hospitality as investors seek to gain control of loan restructurings amid surging defaults. The commercial mortgage fund operator, a unit of Guggenheim Partners which has more than $100bn in assets under supervision, took over management of the $284.5m loan two weeks ago, according to people familiar with the transaction.
0 minute readGuggenheim ousts Bank of America as mortgage funds take control
June 3, 2010, 2:30pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
HousingWire Mortgage Rankings have arrived, bringing data-driven benchmark to originator performance
HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
