Thursday, April 29, 2010
Evidences suggest that the recent pace of new commercial mortgage-backed securities issuances may be faster than initially believed.
Banks have stepped up efforts to bundle together loans in multi-loan CMBS issues in recent weeks. Since borrowers of maturing loans have few options for refinancing, the efforts would be a plus for a market in which hundreds of defaults are still possible. However, many commercial properties are saddled with too much debt or are too short on revenue to qualify.
Banks have stepped up efforts to bundle together loans in multi-loan CMBS issues in recent weeks. Since borrowers of maturing loans have few options for refinancing, the efforts would be a plus for a market in which hundreds of defaults are still possible. However, many commercial properties are saddled with too much debt or are too short on revenue to qualify.



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