CMBS pipeline full as lending surges despite non-bank appetite

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By David Bell
07 Aug 2017

The US CMBS market is showing no signs of a summer slowdown, with two more conduit deals emerging on Monday and data showing that CMBS loan origination is up 168% year on year despite increasing challenges from non-bank capital.

Manhattan office collateral forms the backbone of three conduit deals in the market, with the GM building appearing in yet another transaction — Citi’s $941.58m 2017-B1 deal, which was announced on Monday. The other deal to emerge on Monday was Goldman Sachs’ GSMST 2017-GS7 deal, which features part ...

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