National Real Estate Investor - Pessimistic views on CMBS Lending
Respondent views on CMBS lending are more pessimistic, which is not a big surprise given the sharp drop in issuance this year. At $30.7 billion, issuance for the first half of the year is down 44 percent compared to the same period last year, according to Commercial Mortgage Alert, an industry newsletter. Widening spreads and some loan kick-outs by B-piece buyers as a means to manage risk have slowed the pipeline.
Read Full Article