US CMBS volumes surge as lenders up their game
US CMBS volumes have raced past last year’s figures, with CMBS lenders competing harder on pricing with other forms of commercial real estate financing, despite lingering concerns over the retail sector and credit fundamentals.
Private label CMBS volumes hit $34.4bn in the first half of the year, an increase of 27.8% on last year’s figures, according to Kroll Bond Rating Agency. Over half of that was issued in May and June, as the market sparked into life after a slow first quarter.
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