Only 449
CMBS loans totaling $ 6.4 billion were defeased, or replaced by government securities, last year.
LOS ANGELES — The Hudson Team of George Elkins Mortgage Banking Company has arranged two
CMBS loans totaling $ 71.7 million secured by two neighborhood retail centers Fullerton, CA and Lacey, WA.
Not exact matches
CMBS defeasance hit a record high in 2015 with $ 21.2 billion and a
total of 1,431
loans that were either defeased or replaced by government securities.
Although
CMBS issuance in the U.S.
totaled $ 48.4 billion in 2012, there is an estimated $ 600 billion in
CMBS loans that will be maturing in the next five years.
The
total volume of
CMBS loans disposed with losses in March dropped to $ 339.4 million across 45 notes, which is the lowest level in more than eight years.
Additionally, they bought $ 35.6 billion of
CMBS A-1A bonds, bringing their
total loan investment volume to $ 117.6 billion.
Of the five largest MSAs by
total CMBS loan balance, four posted an increase in delinquencies.
Loans totaling about $ 150 million for both acquisitions are in the same
CMBS deal, with both originating in August of 2013 and maturing in August of 2023.
CMBS loan maturities are expected to
total a combined $ 363.4 billion during that three - year period.