SASB

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.

CIO Tom Buttacavoli believes today’s over-stimulated economy could result in a mild recession in mid-to-late 2023. 

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

Attributing factors include heightened loan complexity and growth of the SASB market, co-heads of the firm’s Capital Markets Group tell REC USA.