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Nominations close on December 12 at midnight for Real Estate Capital USA’s second annual awards.
The report identifies a $26.5bn loan cohort maturing by the end of next year.
It is difficult for a borrower to determine if now is a good time to move ahead with refinancing, Singer believes.
While borrowers are already feeling the impact of higher interest rates, the low DSCRs will present a particular problem as refinancing looms.
Pricing is expected to reset as interest rates rise over the next 12-24 months.
It is getting harder for New York’s mid-market office owners with maturing debt to line up new loans.
Two metrics are better than one, with market participants telling us DSCR is being commonly used alongside debt yield in evaluating lending opportunities.
The lenders that cut their teeth at banks in the early days of the commercial mortgage-backed securities market have gravitated toward alternative platforms
The covid-19 pandemic is helping commercial mortgage-backed securities loan servicing to become more of a relationship game.
Alternative lenders see a future with fewer defaults and more collaboration.