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CMA
October 05, 2018  

Sagging Conduit Lending Hits CMBS Volume

It’s tough sledding out there.That’s the sentiment of commercial MBS lenders, who say they are having a hard time digging up conduit loans.The difficult conditions took a toll on CMBS issuance in the third quarter. Only $17.7 billion of offerings priced, down sharply from $25.7 billion a year earlier. As a result, after being up 13% at midyear, volume is now running 5% behind last year’s pace. And an early look at the...


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