CRE finance pros eye late cycle behavior in US CMBS

The excesses of the pre-crisis years in CMBS are a distant memory but a host of downside risks are emerging as the credit cycles reaches its peak, warned a panel of commercial real estate finance experts at the annual CREFC conference in New York on Tuesday.

  • By Alexander Saeedy
  • 12 Jun 2018

A consistent theme of the discussion on day two of the event was the growing prevalence of risky interest only (IO) loans in CMBS, which was a consequence of “too much capital chasing too few deals,” said one panelist.

A speaker from a rating agency noted that ...

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