CMBS Market Musings–Not Out of the Woods?

As the commercial real estate finance market experienced fits and starts last year, no capital source provided more transparency into commercial real estate than CMBS with its monthly investor reporting and credit rating agency coverage creating a window into market performance and challenges for certain retail and hospitality assets.

Low Rates Driving CMBS Defeasance Trend

Fitch Ratings, New York, said commercial mortgage-backed securities borrowers are taking advantage of the current low interest rate environment to defease their loans.