CMBS lending slipping back to precrisis ways, says Moody’s

Moody’s Investors Service sounded the alarm on deteriorating underwriting standards in the US CMBS market on Friday, as interest only lending and single tenant concentrations spike to levels last seen in 2007.

  • By Alexander Saeedy
  • 01 Jun 2018

As CMBS lenders compete for scarce real estate assets with other forms of financing, underwriting behaviour is slipping back to pre-crisis standards, said Moody's on Friday.

The ratings agency reported that the share of interest-only (IO) loans in conduit CMBS deals jumped to 78% in the first quarter of ...

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