CMBS

In the news …

Loans underlying $1.5 trillion worth of commercial real estate are coming due in the next few years, with over $100 billion of CMBS maturing by the end of 2013. With lending constrained and valuations down, many of these loans will have to either “amend and extend” with the blessing of their current bank, or be resolved through equity injections, recapitalizations or liquidations. It is estimated that between 50-60% of these maturities will fail to refinance, which opens the door to a huge opportunity for distressed real estate investors.