Newly delinquent loan: Hilton Garden Inn McAllen Airport.

🚨Newly delinquent loan.

Hilton Garden Inn McAllen Airport.

From @cred_iq:

– 104 keys
-$9mm loan balance (~$86K per key)
-0.94x DSCR

For more on distressed CRE, follow @aryal1994 pic.twitter.com/ehAnwuFDlV

— Shashankh Aryal (@aryal1994) May 2, 2024