Interest only loans the ‘last weapon’ for CMBS as regional banks muscle in

CMBS lenders are resorting to offering more interest only loans to win business as ‘desperate’ local and regional banks step up commercial real estate lending activities, prompting investor concerns about the direction of underwriting standards in the market.

  • By David Bell
  • 29 Jun 2017
A common concern for CMBS investors this year has been the rising proportion of interest only loans in conduit deals. According to Kroll Bond Rating Agency, the average KBRA interest only index in the year to date, which calculates the weighted average of the interest only proportion of ...

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