Sunday Summary: How Do You Spell Bad News? C-M-B-S.

Two of the pillars of lending — commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLO) — aren’t as solid or as useful as they had been in previous years, and that’s putting it politely. Private-label CMBS and CLO issuance declined by more than two-thirds in just the last year, from $92.3 billion to $30.7 billion in September, according to the Commercial Real Estate Finance Council (CREFC). On the CMBS side, conduit CMBS — multi-asset, multi-borrower loans — saw issuance drop 27 percent on the year, while single-asset, single-borrower CMBS loans fell even further by 73 percent.

Related Keywords

Brooklyn ,Florida ,United States ,Hollywood ,California ,Williamsburg ,Fort Lauderdale ,Orange County ,New York ,Culver City ,Connecticut ,Empire State Building ,Irvine ,Matthew Halpern ,David Tolley ,Laura Fox ,Davis Polk Wardell ,Pete Sikora ,Los Angeles ,Building Services ,Kellwood Company ,Real Estate Finance Council ,Bj Health Fund ,Services Administration ,Moody Investors Service ,Federation Plaza Apartments In Hollywood ,Empire State Realty ,Commercial Real Estate Finance Council ,New York City ,Davis Polk ,General Services Administration ,Boot Barn ,Commercial Observer ,Empire State Realty Trust ,Monarch Alternative Capital ,Tourmaline Capital Partners ,Location Ventures ,Related Companiesdropped ,Federation Plaza Apartments ,York City ,Local Law ,New York Communities ,Streetlife Ventures ,Citi Bike ,Sunday Summary ,How Do You Spell Bad ,Vclo ,Square Feet ,Mbs ,Crefc ,Commercial Real Estate Market ,