S&P signals concerns on office property refinancing risk

Most focus in US commercial real estate has been on the ailing retail sector, but S&P Global Ratings analysts said this week that the office sector was worth a closer look, as the largest quarter in the CMBS maturity wall gets under way this month.

  • By David Bell
  • 12 Apr 2017

At $5.1bn, loans on office properties comprise the largest portion of the $16bn of loan maturities this month. Of the total amount, $6.2bn (38.6%) has either been prepaid or paid off during the last quarter, according to a note from S&P analysts on Tuesday.

The analysts said that, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 108,190.43 309 12.88%
2 Bank of America Merrill Lynch 95,782.14 279 11.40%
3 Wells Fargo Securities 80,847.28 245 9.63%
4 JPMorgan 58,524.24 184 6.97%
5 Credit Suisse 43,977.05 134 5.24%