Posted Jan 20, 2012
Written By:
Larry Kay
With more than $55 billion of commercial mortgage-backed securities loans scheduled to mature in 2012, the coming year could be pivotal for CMBS credit performance. Moreover, 2012 will usher in the first major wave of maturities from the 2007 vintage, when the commercial real estate markets were peaking. Of the 2007 vintage maturities, $19 billion are five-year term loans, approximately 85% of which are scheduled to mature in the first half of 2012.
The retrenchment in the capital markets and among other lenders in the third quarter of 2011, which has continued into the current quarter, dims the refinancing prospects for loans maturing next year. Real Capital Analytics reported that in the third quarter, property sales were at their slowest pace since they began to rebound
The slowdown in CMBS performance became visible in the third quarter, when fewer loans paid ....
Start your Real Estate Finance Intelligence service today for full access
Subscribe
Not ready to subscribe? Register today for a free trial.
Free Trial
Get beyond the headlines to the details and perspectives that will impact your bottom line.
Need information or assistance with your service? We can help.
Customer Service+1 800 715 9195customerservice@iiintelligence.comSubscription Hotline+1 800 437 9997 or +1 212 224 3570hotline@iiintelligence.comCorporate Access EnquiriesJohn Diaz+1 212 224 3366jdiaz@iiintelligence.com