A Q&A With KBRA About its 2025 CMBS Outlook: Twin Peaks?

Kroll Bond Rating Agency just released its CMBS 2025 Sector Outlook, which forecasts U.S. issuance activity for the new year. MBA NewsLink interviewed two KBRA analysts for their views on the current lending environment as well as factors that may affect overall property performance in 2025.

CMBS Market Musings: Malay Bansal from 3650 Capital

MBA Newslink recently interviewed Malay Bansal, Head of Trading & Capital Markets at 3650 Capital, who shared insights about the CMBS issuer ecosystem and CRE securitization markets.

KBRA Says CMBS Appraisal Reductions are Climbing

Kroll Bond Rating Agency, New York, reported that commercial mortgage-backed securities appraisal reduction amounts–ARAs–have climbed in tandem with delinquency rates.

CMBS Delinquency Rate Increases Moderately

The delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities increased moderately in April to 4.67%, according to KBRA, New York.