Euro CMBS Up On Last Year, But Refi Headaches Remain
New-issue European commercial mortgage-backed securities are forecast to reach EUR6.5 billion ($8.68 billion) for year-end—over double that of 2012’s total of EUR3.2 billion ($4.28 billion)—but Standard & Poor’s analysts warn the “vast majority” of outstanding loans in the region are unlikely to be refinanced via the CMBS market.
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