Inside Madison Realty Capital’s distressed investing playbook
Financing commercial real estate projects at a time of steep interest rates is no simple feat. CMBS issuance tumbled...
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Breaking down the wild CMBS market
Freeze, thaw, chill, repeat. The CMBS market — a key source of financing for commercial real estate — has been on a wild ride in recent weeks as the broader financial markets have skidded...
CMBS volume plunges 29% in second quarter
Rising interest rates are sinking CMBS activity, bringing the market back to earth after a banner year in 2021. Banks issued $20.6 billion of securities backed by real estate loans in the second quarter,...
Flood of single-asset deals propels CMBS market to 14-year high
The market for commercial mortgage backed securities is back and bigger than ever. Private-label CMBS issuance surged to $109.1...
Cerberus nabs $616M CMBS loan on FirstKey single-family rentals
Cerberus Capital Management, the parent organization of FirstKey Homes, landed a $616.1 million CMBS loan from Morgan Stanley, the...
CMBS delinquencies plunge, but still above pre-pandemic levels
Bad commercial debt is getting harder to find. Since peaking at 10 percent last June, the delinquency rate for...
Blackstone secures $1.1B refi on Sun Belt multifamily portfolio
Blackstone’s real estate investing arm is following up its record third quarter with a massive refinancing package. Blackstone Real...
Bet against retail costs investor big-time
A hedge fund that lost millions betting against commercial real estate now claims that JPMorgan forced it to call off the gamble at the worst time, then pumped up the price of paying its...
CMBS set to break Financial Crisis record
Real estate owners have had a rocky love affair with cheap debt. Commercial real estate’s fixation with low interest rates has dragged it to China to court EB-5 investors and to Israel’s nascent bond...
Hudson’s Bay Company restructures $846M CMBS loan
Hudson’s Bay Company successfully restructured a massive CMBS loan, reportedly ending an 18-month saga that included accusations of undermining...
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