Brace for Impact: CRE Finance Implications of Transition Away from LIBOR

The finance industry’s march towards transition away from LIBOR index continues as the third quarter approaches. For all the talk of upward revisions to economic growth projections, the market still awaits the first balance sheet commercial mortgage loan based on SOFR index.

May 10: Arc of LIBOR History Bends Toward SOFR

Investment and finance industries including commercial real estate continue toward the pending transition away from LIBOR benchmarks for floating-rate debt. Join the Mortgage Bankers Association as CRE finance industry experts share their expectations, insights and experiences.

MBA LIBOR Transition Updates

It has been a busy time for LIBOR transition progress, so here are the latest updates.

Dechert LLP LIBORCast Interviews MBA’s Mike Flood

Last week, as part of Dechert LLP’s ongoing LIBORcast podcast series, Rick Jones, partner and co-head of Dechert’s Global Finance Practice, interviewed MBA’s Mike Flood on the LIBOR transition.

MBA LIBOR Transition Survey for Commercial/Multifamily Members

On Friday MBA circulated a survey on LIBOR transition to commercial/multifamily members. The brief survey is designed for commercial mortgage lenders, but also includes servicers, special servicers, and service providers that likely may be directly or indirectly impacted by the transition.

Sharon Walker: Multifamily Market Musings

The multifamily lending markets are ripe with interesting developments from the GSEs this year, whether it be re-proposed capital rules, LIBOR transition or ongoing responses to COVID-19.