It’s official: the credit crunch is moving into the commercial real estate market. Fitch Ratings said Wednesday night that it had put $8.4 billion of CBMS B-piece resecuritizations under negative ...
As the CMBS sector works through a litany of challenges in today’s tougher lending environment, investor interest in riskier B-piece notes seems to be rising, industry experts said. As new issuance of ...
Faced with the prospect of refinancing nearly $1.4 trillion of U.S. commercial real estate debt in the next four years, real estate investors remain skeptical, despite the halting recovery of capital ...
The wave of CMBS maturities is setting up a smorgasbord for B-piece buyers. The rising volume of CMBS issuance has some in the industry questioning whether there is enough investor appetite to consume ...
Since launching its credit platform in September 2017, Morgan Properties has closed on nine K-Series B-Pieces across $8.5 billion in loans, of which $1.4 billion, or 16% of the total UPB, were loans ...
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Morgan Properties, the nation's fifth largest apartment owner and operator, is excited to announce its continued investment in the Freddie Mac K-Series space ...
For years, the subordinated B-pieces of commercial mortgage securitizations were the domain of what conduits called “the cartel” — GMAC Commercial Mortgage Corp., LNR Property Corp., Allied Capital ...
DiModica: We got defensive in the fourth quarter of last year. Loan pricing wasn’t widening [from] what we were seeing as a borrower and as a CMBS investor. We stockpiled a lot of cash expecting ...
When a landlord gets a mortgage on an apartment building, there’s a good chance that either Fannie Mae or Freddie Mac — two giant agencies now under government conservatorship — will play a role.
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Morgan Properties, a real estate investment and management company, announced today that it has acquired five separate K-Series B-Pieces from Freddie Mac in 2019 ...