未分类

CMBS

Clockwise from top left: The GM Building, the Mark Hotel and 731 Lexington Avenue (Credit: Macklowe, Twitter and Vornado)

For much of 2016, real estate finance types worried that new risk retention rules would put a sizable dent in the Commercial Mortgage Backed 爱上海龙凤419桑拿

上海龙凤论坛sh1f
Securities market. It seems those fears were overblown.

Between January and July $47.4 billion in new CMBS debt was issued, according to Commercial Mortgage Alert, up from $37.9 billion in the same period爱上海龙凤419桑拿

上海龙凤论坛sh1f
last year. And the trend looks set to continue: for September alone $16 billion in new CMBS are ready to be sold.

The risk retention rule, which went into effect in December, requires issuers to keep 5 percent上海贵族宝贝

上海千花网龙凤论坛
of bonds on their books. “At上海千花网龙凤论坛

上海千花社区
the end of last year, there were a lot of folks who were saying we may not get to what we did in 2016,” Robert Grenda of Morningstar Credit Ratings told the Wall Street Journal. “There was some real concern about risk retention.”

But while the rule pushed some sma上海贵族宝贝

上海千花网龙凤论坛
ller firms out of the business, larger issuers quickly adjusted.

CMBS volume for 2017 will likely still fall short of the 2015 total of $106.2 billion. In 2007, CMBS firms sold a record $314 billion in new bonds. [WSJ] Konrad Putzier 


We are having some technical difficulties. Try again later.

By clicking Subscribe you agree to our Privacy Policy.

Leave a Reply

Your email address will not be published. Required fields are marked *