CMBS volume plunges 29% in second quarter – Robert Khodadadian

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, the Wall Street Journal reported. That’s down 29 percent from the first quarter, when banks issued $29 billion of those loans, according to data firm Trepp. The decline in activity came alongside borrowers stuck coping with higher interest rates, in addition

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, cmbs, lending, Real Estate Finance The Real Deal New York Read More