| Similar Articles |
 |
National Real Estate Investor December 1, 2005 Parke M. Chapman |
Weathering The Storm The aftermath of Hurricane Katrina has exposed both the strengths and weaknesses of the commercial mortgage-backed securities (CMBS) market, say industry experts.  |
National Real Estate Investor June 1, 2005 Matt Hudgins |
Sounding the Alarm Bell on CMBS Lending The capital pouring into commercial real estate isn't limited to conduit loans, but the industry at large can't afford to ignore changes in CMBS standards because securitization has evolved to influence nearly all commercial real estate lending.  |
National Real Estate Investor March 1, 2005 John B. Levy |
Where Have All the Good Loans Gone? Recent underwriting trends in fixed-rate CMBS originations may well lead to higher defaults and losses in the years ahead. Perhaps the most widely discussed issue is the increase in interest-only loans.  |
Commercial Investment Real Estate Jul/Aug 2015 Tim Koltermann |
CMBS Forecast Commercial mortgage-backed securities lending is alive and well -- maybe too well, depending on where you look in the market.  |
Commercial Investment Real Estate Jul/Aug 2012 Gantz et al. |
CMBS Concerns Are securitized loans worth the trouble?  |
FDIC FYI October 28, 2003 |
The Changing Paradigm in Commercial Real Estate A transcript of a roundtable discussion with commercial real estate and commercial mortgage-backed securities experts  |
National Real Estate Investor July 1, 2004 John B. Levy |
Stability of Spreads Spurs Deals Commercial mortgage players experienced few Maalox moments in May, as spreads on both Treasury rates and interest-rate swaps stayed stable. But the market was awash in loan originations and new securitizations.  |
Real Estate Portfolio May/Jun 2008 Kemba J. Dunham |
Rocky Road The commercial mortgage-backed securities market, after more than 15 years of riding a positive investment wave, swiftly crashed in late 2007. Currently, a recovery has yet to get under way.  |
National Real Estate Investor June 1, 2005 Kingsley Greenland |
Why Liquidity Should Help You Sleep Better There is no crystal ball that can predict the next lending squeeze, or if one will even occur. What is certain however, is that greater liquidity in the secondary market for commercial real estate loans is an important safety valve for the entire industry.  |
National Real Estate Investor October 1, 2002 John B. Levy |
Falling Rates Spark Deals Extraordinarily low Treasury rates and the largest offering of collateralized mortgage-backed securities in more than three years made for a vibrant August. Meanwhile, a new single-asset transaction marketed by Lehman Brothers may help allay buyers' concerns about terrorism insurance.  |
National Real Estate Investor November 1, 2002 John B. Levy |
Interest rates in limbo With interest rates at their lowest levels since the Twist was the rage in the early '60s, some real estate developers have accelerated their borrowing while others are hoping for still lower rates.  |
Commercial Investment Real Estate Nov/Dec 2009 Steve Bram |
Capital Markets Conundrum Are there viable solutions to today's financing puzzle?  |
National Real Estate Investor April 1, 2006 John B. Levy |
Big Supply, Tight Spreads A wave of commercial mortgage-backed securities hit the market in early March, following a dearth of issuance in January and February. Despite the volume, spreads over comparable Treasuries narrowed, perhaps reflecting pent-up demand.  |
National Real Estate Investor July 1, 2005 John B. Levy |
CMBS Deal Pipeline Bursting at the Seams The heated competition for new commercial mortgage transactions, mixed with a seeming complacency about risk, has caused some investors some measure of anxiety. With the 10-year Treasury plunging through 4%, borrowers had a new incentive to refinance existing transactions.  |
National Real Estate Investor February 1, 2005 Joe Gose |
Lenders Draw Up Plays to Land Big Deals Aggressive. Innovative. Creative. Those are all fitting words to describe today's lenders as they stretch underwriting terms in ways that were unheard of just two years ago.  |
National Real Estate Investor February 1, 2007 W. Joseph Caton |
Attached Strings to Conduit Loans As a property investor's real estate management needs and development skills expand, the nature of the loans that investor buys into begins to take on new meaning.  |
National Real Estate Investor June 1, 2005 Matt Hudgins |
Why the Checkout Line to Defease is Lengthening Skyrocketing property values are the biggest engine driving defeasance in 2005. The capital pouring into commercial real estate has outstripped supply, with the resulting competition to acquire properties exerting upward pressure on sale prices and property values in general.  |
Commercial Investment Real Estate Sep/Oct 2011 Thomas R. Petty |
Loan Language What can borrowers negotiate under today's stricter standards?  |
National Real Estate Investor January 1, 2006 John B. Levy |
Wider Spreads Yield Opportunity Commercial mortgage-backed securities spreads have a habit of tightening early in the New Year, and the smart money seems to be betting on that occurring again in early 2006. But a new CMBS player has emerged, too -- hedge funds.  |
Commercial Investment Real Estate Nov/Dec 2014 Pruitt & DeRensis |
CMBS Maturity Wave Commercial mortgage-backed securities lending has shown signs of health to the tune of $84 billion issued in 2013, and issuance anticipated to approach $100 billion in 2014  |
National Real Estate Investor January 1, 2005 John B. Levy |
High CMBS Volume is Double-Edged Sword Commercial mortgage volume was on a non-stop tear in 2004, much to the surprise of most observers. Early in the year, commercial mortgage players thought that first-half volume would be robust while the second half would be lackluster.  |
National Real Estate Investor January 1, 2009 Poonkulali Thangavelu |
Stephanie Petosa: Loan service companies come to the forefront How the credit crisis is impacting commercial mortgage servicing, demand for modified loan terms, and problems created by loans going into different CMBS tranches.  |
National Real Estate Investor January 1, 2003 John B. Levy |
Bustling Market Six separate CMBS offerings totaling more than $6 billion were due in late December... Impact of terrorism insurance legislation on new construction still unclear... Mezzanine debt, secured by the borrower's ownership interest in properties, heats up...  |
National Real Estate Investor June 1, 2006 Matt Hudgins |
Why CDOs Are Hot With much of the world's investment capital seeking placement in commercial real estate, lenders are eager to help property owners liquidate portions of their equity and refinance through CDOs.  |
National Real Estate Investor October 1, 2005 Jennifer Popovec |
Global CMBS Warming Investors and borrowers in several countries are just now beginning to realize the advantages of CMBS: liquidity, higher yields and favorable financing rates. But a perceived lack of transparency, or financial disclosure by borrowers, concerns investors in non-U.S. CMBS.  |
National Real Estate Investor January 1, 2005 Matt Hudgins |
Leaping Through The Lending Trough According to the normal rhythms of the real estate industry, the first years of this decade should have been a slow period for lenders. To the delight of the mortgage industry, it hasn't worked out that way.  |
Commercial Investment Real Estate Nov/Dec 2008 Connolly et al. |
Debt Transfer While new money is difficult to find in the current economic climate, loan assumptions may provide the prospective debt commercial real estate buyers need to close deals.  |
Commercial Investment Real Estate Jul/Aug 2011 David F. Webb |
The Lending Scene Commercial mortgage-backed securities' return brightens the picture in primary markets.  |
National Real Estate Investor September 1, 2006 Parke M. Chapman |
Mortgage Industry's Digital Divide Not all segments of the commercial mortgage industry are embracing technology at the same rate. A study last year found that many firms still rely on time-consuming faxes, certified mail and reams of FedEx-delivered paper to process, close and monitor their loans.  |
Commercial Investment Real Estate Jul/Aug 2003 |
Ready for the Re Lender restraint helps keep markets stable.  |
The Motley Fool August 16, 2007 John Rosevear |
Buying a Home During the Storm Essentially, what's going on is that the mortgage industry -- along with Wall Street -- is rethinking the appropriate pricing for taking on the risk of a borrower with a less-than-prime credit history.  |
National Real Estate Investor March 1, 2003 John B. Levy |
Loans in Demand Commercial mortgage whole loans and CMBS bonds are performing extraordinarily well, despite the fact that real estate fundamentals are continuing to deteriorate, especially in the office sector.  |
National Real Estate Investor April 1, 2003 John B. Levy |
Yield Spreads Reverse Course In a classic case of having gone "too far, too fast," the yield spreads on commercial mortgage-backed securities (CMBS) returned from the extraordinarily low levels they had briefly reached, according to the Barron's/John B. Levy & Co. National Mortgage Survey.  |
National Real Estate Investor November 1, 2004 John B. Levy |
Commercial Mortgage Market Reloads After a reasonably quiet September, the commercial mortgage market heated up again in October.  |
Commercial Investment Real Estate Sep/Oct 2005 Andrew Stewart |
7 Real Estate Finance Myths Unveiled Discover the market factors that really are influencing today's real estate transactions.  |
National Real Estate Investor December 1, 2004 |
CMBS Issuance On Track for Record Volume in 2004 Issuance of Commercial Mortgage-Backed Securities is Headed for Record Levels... Ripple Effect of Insurer Scandal... Impact of Prepayment Penalties... etc.  |
National Real Estate Investor June 1, 2006 Matt Hudgins |
Are Borrowers Over-Leveraged? The central question is whether the low capitalization rates generating today's high property values and loan amounts are temporary or will be around for at least the next decade, when those loans will roll over and require new financing.  |
National Real Estate Investor December 17, 2002 Parke Chapman |
Fitch: CMBS outlook not so grim U.S commercial mortgage-backed securities (CMBS) upgrades will outpace downgrades in 2003, predicts Fitch Ratings. Still, Fitch projects that the performance of the four main property classes (hotel, office, retail and multifamily) will continue to decline.  |
National Real Estate Investor December 1, 2002 John B. Levy |
Big Events, Small Impact The market-moving events of Nov. 4-8 left the commercial mortgage-backed securities market surprisingly unimpressed.  |
National Real Estate Investor October 1, 2005 John B. Levy |
New Orleans' Hotel Sector Faces Grim Prospects Investors in commercial mortgage-backed securities are rightly concerned about their New Orleans' holdings because a number of securitizations hold liens on major area hotels, and significant losses could cause losses to the lower investment-grade tranches.  |
National Real Estate Investor December 1, 2005 John B. Levy |
End to Frothy Underwriting in Sight Specs Commercial-mortgage originators and CMBS buyers continue to grouse about the market's lack of underwriting discipline, but their appetites continue unabated... National Mortgage Survey: Selected CMBS Spreads... Whole Loans...  |
National Real Estate Investor October 1, 2002 Kathleen Fitzpatrick |
Taking the Floating-Rate Gamble A slow recovery in the U.S. economy has prompted more and more borrowers to bet that interest rates won't be rising anytime soon. And still others, fueled by fears of overall uncertainty, are satisfying their appetites with flexible financing.  |
National Real Estate Investor September 1, 2004 John B. Levy |
Full Throttle Ahead It looks as if the summer doldrums in the commercial-mortgage market have been canceled this year, at least according to the Barron's/John B. Levy & Co. National Mortgage Survey.  |
Commercial Investment Real Estate Nov/Dec 2006 Gary Mozer |
Greater Access Collateralized debt obligations offer small commercial investors financing options.  |
National Real Estate Investor March 1, 2006 John B. Levy |
A Shot Across The Bow Investors in loans on commercial real estate -- insurance companies, pension funds and Wall Street firms -- continued competing for business in January, squeezing spreads between interest rates on commercial mortgages and rates on Treasuries.  |
Commercial Investment Real Estate May/Jun 2006 A. Barry Cappello |
Making It Work Investors soon may feel the effects of a cooling real estate market through subtle and not-so-subtle shifts in the way lenders view commercial real estate loans. When lenders' requirements tighten, borrowers should consider these options.  |
National Real Estate Investor October 1, 2004 John B. Levy |
Investor Interest in CMBS Reaches New Heights Nowhere is the surplus of new capital more visible than in CMBS tranches rated double-B --- a highly rated non-investment grade tranche. Investments are coming from individuals, as well as insurance companies, money managers and other institutions  |
Commercial Investment Real Estate Jan/Feb 2011 Sbaiti & Grunnah |
The Shadow Effect A backlog of unforeclosed properties haunts today's market.  |
National Real Estate Investor February 1, 2006 Anthony Downs |
Danger Signs Ahead The 2006 outlook contains both good news about the U.S. economy and disquieting danger signs in property markets.  |
National Real Estate Investor January 7, 2003 Parke Chapman |
Report: CMBS servicers to consolidate this year The number of U.S. commercial mortgage-backed securities (CMBS) servicers will continue to thin out this year, according to New York-based Fitch Ratings.  |