CMBS

While the US conduit market continues to be the gold standard for predictability, the agency expects the growing EMEA CMBS market will follow a more bespoke path.

The lender group originated the loan on behalf a partnership between Blackstone and Starwood Capital.

The firm’s CMBS ETF is weathering today’s volatile market, says Karen Veraa, managing director.

A portion of the proceeds of GSMS 2022-ECI, along with about $105 million of subordinate mezzanine financing and another $24 million of sponsor equity, will be used to refinance existing debt.

A surprise Federal Reserve rate hike and subsequent rhetoric from the country’s central bank threatens to slow down a red-hot market.

The near-term impact of higher rates is already being felt in the US CMBS market.

Disruption is impacting warehouse lenders’ ability to originate loans and hit targets.

Borrowers are wary of locking in long-term fixed-rate financing due to concerns about the impact of rising interest rates.

As the covid-19 pandemic winds down, the Commercial Real Estate Finance Council gears up to face another generational crisis. 

CIO Rob Allard says infra and energy rank high alongside CRE debt priorities as issuers enter a more fractured environment.