Home CMBS
CMBS
Balloon loans originated 10 years ago on small and mid-market properties are facing near-term maturity dates.
Bank capital requirement changes and shrinking balance sheets are opening doors in multifamily, industrial and construction.
A key theme the REIT is following is a migration of people leaving cities for the suburbs.
Chief executive says institutional interest is picking up further as high-quality hotel assets hold up.
The Starwood-owned portfolio’s appraisal value has risen 35%% since December 2021.
The New York-based agency saw a loss severity of 48.4% in 2022, versus a loss severity of 56% in 2021.
The firm compared the leverage and yields on the B-piece with similar metrics for preferred equity or mezzanine debt investments.
The property is the latest Los Angeles office building to experience severe headwinds.
National and regional banks are expected to reduce commercial real estate lending, which opens the door for the private markets.
The New York-based manager received a one-year extension, with an additional 12-month extension option.