The Real Deal Miami

Clock ticks on big loans

South Florida retail owners face refinancing decisions as CMBS-backed maturities loom
By Chip Barnett | October 09, 2014 02:40PM

Scott Baena of BIlzin Sumberg

Scott Baena 

From the South Florida Market Report: Retail property owners in South Florida will face a series of financing decisions in the next few years, as billions of dollars of commercial mortgage-backed securities debt comes due.

CMBS are debt instruments in which pools of real estate loans are bundled together and sold to investors, with the funding going toward construction, acquisitions and refinancing. [more]