Record December volumes power CMBS to year end

US skyscraper
By David Bell
11 Dec 2017

Issuers have flocked to the CMBS market with deals this month, including the largest commercial real estate CLO since the crisis. With a seven potential deals still to close before year end, this December could be the busiest in a decade, said Bank of America Merrill Lynch analysts.

Last week, $2.51bn of private label CMBS was issued, including two new conduit deals — a $140m single borrower deal secured on the Westin Times Square hotel in Manhattan, and a $1bn commercial real estate CLO from Blackstone, the largest deal of its kind since the financial crisis.

CMBS ...

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