CMBS
What’s Driving CRE Securitization
An update on the key trends shaping conduits, CLOs and other strategies.
Brookfield Properties Completes $264M Ground Sale-Leaseback
The investor will maintain ownership of the Facebook-leased assets under a 99-year agreement.
Brookfield Scores $465M Downtown Los Angeles Office Refi
The loan on the 50-story Gas Company Tower marks the investor’s second CMBS refinance in the city center in the past six months.
CMBS Performance Stable For Now: KBRA
December was the sixth consecutive month that delinquencies either declined or remained flat after peaking at 8.2 percent in June.
CMBS Issuance Volume Improving: KBRA
Activity will continue its slow-and-steady upward trajectory, going from an estimated total of $55 billion in 2020 to $60 billion in 2021.
CMBS Deals Continue in Face of Uncertainty
Issuances have rebounded after slowing to a standstill, but billions of dollars of troubled loans weigh on the market.
CMBS Delinquencies Decline As Forbearance Increases: Trepp
The decreasing overall national rate follows significant spikes in May and June.
CMBS Special Servicing Rates Surge: Trepp
Retail- and hospitality-secured CMBS hit record-high levels in September.
CMBS Delinquencies Continue to Drop: Trepp
The delinquency rate has been creeping downward since a surge in May and June.
Loan Losses for Life Insurers to Outpace 2007-2008: Fitch
Coronavirus-related loan shortfalls could rise 50 percent above the levels seen during the Global Financial Crisis, according to Fitch Ratings.