There is no question that the mountain of CMBS loan maturities hanging over the commercial real estate market has been shrinking. Yet there is still a heavy load of high-leverage loans searching for refinancing capital at a time when the CMBS market is battling its own liquidity crunch.
At the start of 2015, there was an estimated $300 billion in CMBS loans set to mature by the end of 2017. The fact that that volume has dropped by about two thirds, to $103 billion as of Oct. 1, is certainly good news.
Read entire article in National Real Estate Investor.