Retail-backed CMBS loans continue to draw mixed reviews from lenders and investors. Where some see a ticking time bomb, others see an opportunity to invest in high-quality, conservatively underwritten retail loans.
There is no question that both lenders and investors are wary of the risks associated with retail. “Unless a property is really, really top notch and performing extremely well, it is a struggle to get financing,” says Manus Clancy, senior managing director and the leader of applied data, research, and pricing with Trepp.. . . more