Competition for bridge loans among lenders is fierce, resulting in lower spreads and better structure for borrowers. The timing of the availability of bridge loans is perfect. Why? Many borrowers are working to re-stabilize property cash flows post-pandemic before locking in larger fixed-rate CMBS … [Read more...] about 5.18.21: BRIDGE LOANS READILY AVAILABLE AS COMPETITION HEATS UP
3.16.18: Competition Is Fierce for CMBS Conduit Loans
CMBS conduit lenders are aggressively cutting loan spreads and loosening loan structure to win business amid a shortage of good-quality CMBS conduit loans. For the better part of a year, most CMBS conduit lenders are bidding low-leverage large loans at breakeven spreads in order be able to … [Read more...] about 3.16.18: Competition Is Fierce for CMBS Conduit Loans
3.24.11: Competition Heats Up for CMBS Conduit Loans
The successful CMBS offering by Goldman Sachs and Citigroup (see our 3.23.11 News Article) that priced on March 23rd marks the fifth multi-borrower deal completed in 2011. Combined issuance in the five deals totaled nearly $8 billion. With over 20 CMBS conduit shops having jumped into the resurgent … [Read more...] about 3.24.11: Competition Heats Up for CMBS Conduit Loans