CAPITAL, CMBS, LIMITED-SERVICE, REFINANCING

CAPITAL, CMBS, LIMITED-SERVICE, REFINANCING

Ryman Paid $1.38bn. Limited-Service Borrowers Face a $1.69bn Refinancing Gap.

Ryman paid $1.38bn for Grande Lakes. Trepp found $1.69bn of limited-service CMBS loans that can't extend and sit below the refinance debt-yield bar. Capital isn't tightening evenly. It's splitting.