In 2007, $228 billion of CMBS conduit loans were pooled and sold as CMBS securities in the United States, the largest amount in history. Most of the loans provided for a 10-year term, creating a potential refinancing bonanza for 2017. As it turns out, the majority of the loans were closed in the … [Read more...] about 3.22.17: CMBS Delinquency Climbs as Final “Wall of Maturities” Struggles to Refinance
The “wall of maturities” refers to the avalanche of ten-year securitized loans that were originated at the peak of the last cycle, in 2006-2007. The last batch of those mortgages comes due in 2017, and conduit lenders had assumed that many of the borrowers would provide a steady supply of lending … [Read more...] about 2.8.17: What Happened to the Wall of CMBS Maturities?
Following the maturity of approximately $375 billion of commercial loans in 2013 held by CMBS trusts, banks, insurance companies and other financial institutions, Berkadia and Trepp estimate another $350 billion is coming due in 2014 and roughly $1.4 trillion in 2014-2017. The large amount of … [Read more...] about 12.31.13: Conduit Loan Maturities in 2014 Present an Opportunity