CMBS makes a comeback

Lenders made $94bn in loans bundled together and sold off as bonds last year, and property execs and bankers expect this to rise in 2015

CMBS makes a comeback

A hunt for yield and a gradually improving property market are bolstering a key engine of US commercial property lending, helping borrowers to refinance but also reigniting fears the market is getting overheated.

In all, lenders made $94 billion in loans bundled together and sold off as bonds to investors in 2014, the most since 2007 for the product known as commercial mortgage-backed securities, according to trade publication Commercial Mortgage Alert.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line