Help from lenders and the CARES Act helped keep CMBS delinquencies below the prior cycle’s peak. Elaine Misonzhnik Lenders granting forbearance periods to struggling borrowers continued to bring the CMBS delinquency rate
Fed Stays in Holding Pattern with Rates and Asset Purchases Unchanged
The Fed kept the federal funds target rate at zero to 0.25 percent range, where it has been since March. (Bloomberg)—Federal Reserve officials kept monetary policy in a holding pattern,
CRE CLO Issuance Picks Up After Coming to a Halt in the Spring
The CLO market is beginning to see more issuance, though the volume trails considerably behind last year’s. Sebastian Obando After a pause earlier in the year, the CRE CLO market is
Special Servicer Activity Provides a Window into Assessing the Distressed Cycle
Experts expect a “second storm” as forbearance periods expire, and borrowers are forced to act. Beth Mattson-Teig CMBS special servicers battling a surge in distressed loans have been working to
Some Multifamily Borrowers are Struggling to Find Small Balance Loans
Terms are becoming more stringent on the financing deals that are closing amid the COVID-19 crisis. Bendix Anderson | Oct 12, 2020 Amid the broader challenges facing the commercial real estate