Key credit indicators for securitized commercial mortgages continued to strengthen in July, led by a big improvement in hotel performance. Analysts cautioned, however, that further recovery could be impeded by a rise in coronavirus cases tied to the delta variant. The 60-day delinquency rate among … [Read more...] about 8.17.21: CMBS LOAN METRICS CONTINUE TO IMPROVE
6.10.19: Bridge Loan Terms Improve Significantly
Bridge loan terms have improved significantly during the past three months, attributable to the efficiency of commercial real estate Collateralized Loan Obligations (CLOs) issuance and strong investor demand for CLOs. The most competitively priced bridge loans today end up in CLOs. Pricing for … [Read more...] about 6.10.19: Bridge Loan Terms Improve Significantly
9.14.15: CMBS Prices Improve as Demand Picks Up
After a summer in which CMBS bond demand was relatively weak, resulting in widening of spreads, the first deal to price after Labor Day flew off the shelf. The deal, a $757.3-million multi-borrower offering by UBS and Bank of America, priced the benchmark class at 117 basis points (bp) over swaps, … [Read more...] about 9.14.15: CMBS Prices Improve as Demand Picks Up
8.17.11: Strong Demand, Tight Supply Improve Demand for Apartments
Investors continue to prefer investment in U.S. apartment buildings over most commercial properties, even commercial office space; total multifamily sales volume jumped nearly 80% in 2011’s second quarter from a year ago. Although still just a fraction of its mid-2007 peak, the nearly $15 billion in … [Read more...] about 8.17.11: Strong Demand, Tight Supply Improve Demand for Apartments
