7 stories on cmbs in commercial real estate.
PIMCO warns the credit loss cycle has begun, urging investors to cut lower-quality credit exposure and favor asset-based finance and investment-grade bonds.
Maefield Development's $647.5M CMBS loan on 20 Times Square has been sent back to special servicing after missing its May 2026 maturity date.
CRED iQ analysis of 3,700 CMBS loans finds debt yields at a 10.3% weighted average as negative leverage persists in multifamily, industrial, retail, and self-storage.
CRED iQ analysis of ~3,700 CMBS loans finds a 10.3% weighted average debt yield, with multifamily, industrial, retail and self-storage still in negative leverage.
Rithm Capital secured a $282.5M CMBS loan on 1325 Sixth Ave. in Midtown Manhattan, its first major financing since acquiring Paramount Group.
Philadelphia leads all major U.S. metros in CMBS office distress, with Market West corridor towers 1700 and 1818 Market St. both in special servicing since 2023.
CMBS loans offer non-recourse, fixed-rate financing for institutional CRE assets, with unique prepayment and servicing dynamics borrowers must understand.