Thursday, October 20, 2016

'Dead Malls' Resulting in Big CMBS Losses

CMBS loansRetail is the second-largest property type funded through CMBS loans (multifamily is the first) and as of October regional malls throughout the country were backed by $48.6B in CMBS loans, according to a recent Morningstar report.

The state of today’s malls—caused by the prevalence of e-commerce, the need for a hybrid digital and physical experience and the shuttering of department stores—has caused a ripple effect on the CMBS market and those loans backed by retail property.. . . more

No comments: