Subject: Commercial MBS (CMBS)

Property owners, investors and lenders have been challenged determining property values, particularly for hotels and retail assets.

Government closures of non-essential retail businesses accelerated consumers' shift to online shopping. This resulted in more retailers shutting their doors permanently than ever before.

Mortgage lender 3650 REIT, which originates both long- and short-term mortgages, has raised $580 million of what could be $950 million of additional capital to continue writing loans. The Miami company, which retains the risk pieces of CMBS deals that ...

The delinquency rate for CMBS hotel loans during the pandemic peaked at 23.46 percent in June. That compares to the 19.46 percent rate recorded in November 2010, more than a year after the Global Financial Crisis.

Commercial Real Estate Direct Staff Report The first CMBS conduit deal of the year has hit the market. The $905.2 million transaction, BANK, 2021-BNK31, is backed by 61 loans contributed by Wells Fargo Bank, Morgan Stanley, Bank of America and ...

Distressed rates for CMBS loans against Manhattan retail properties have climbed noticeably since the start of the coronavirus pandemic, contributing to a wave of retailers filing for bankruptcy.

The Real Deal A venture of SHVO, Bilgili Group, Deutsche Finance and BVK is looking to block Ralph Lauren's plans to sublease 28,300 square feet of ground-floor retail space at 711 Fifth Ave. in Manhattan. The clothing retailer had closed ...

Commercial Real Estate Direct Staff Report Brookfield Properties has negotiated a three-year extension of the $157.7 million loan against its Fox River Mall in Appleton, Wis. A $136.7 million piece of the loan is securitized through WF-RBS Commercial Mortgage Trust, ...

The CMBS industry has exhibited resiliency throughout the last two decades. It's managed to stay on course, largely through the fine-tuning of structure, tighter underwriting and a shift in lending preferences to meet investor demand.

The prognosis for the commercial real estate market calls for a prolonged recovery. The expectation is that much of the $540 billion of CMBS in the market will suffer losses.