CMBS Markets Facing Stiffer Headwinds

A triple whammy of adverse conditions has taken some of the wind out of the new commercial mortgage backed securities markets recently. And the negative impacts have analysts backing off their CMBS deal volume predictions for 2012 issued just a few months ago.

“The upside case for CMBS issuance in 2012 likely was taken out in the past week, in our view. Above-consensus issuance estimates of $ 40 billion-$ 50 billion are now off the table,” wrote…
National Commercial Real Estate News From CoStar Group