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Investors Face Challenges in Turning Around Class-B/C Malls
Blog 1 year ago
Investors Face Challenges in Turning Around Class-B/C Malls

The opportunistic investors that purchased class-B and-C malls in recent years with hopes of turning them around have faced challenges executing...

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The Five Largest CMBS Loans to Turn Newly Delinquent in June 2018
Blog 1 year ago
The Five Largest CMBS Loans to Turn Newly Delinquent in June 2018

In the spring, we noted that the Trepp Delinquency Rate could reach a new post-crisis low before it was time to fire up the July 4th barbecue. The...

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Banking Buzz: What Could New Supreme Court Justice Mean for Financial Regulation?
Blog 1 year ago
Banking Buzz: What Could New Supreme Court Justice Mean for Financial Regulation?

On Monday evening, President Trump announced that Judge Brett Kavanaugh was tapped for the soon-to-be-vacant Supreme Court seat occupied by Justice...

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CLO Market Round-up: Funds Boast Hefty Yields; US Issuance Surges
Blog 1 year ago
CLO Market Round-up: Funds Boast Hefty Yields; US Issuance Surges

While many in the US celebrated the 4th of July by trying to find a spot on a crowded beach, you could say the CLO market is getting pretty crowded...

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CMBS Week in Review: Pair of Retailers Announce Closures; June Jobs Report Impresses
Blog 1 year ago
CMBS Week in Review: Pair of Retailers Announce Closures; June Jobs Report Impresses

As expected, the secondary CMBS market was quiet last week as traders left their desks in observance of Independence Day. CMBS cash spreads logged...

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Strong Economy and Prudent Lending Have Prolonged the Hotel Cycle
Blog 1 year ago
Strong Economy and Prudent Lending Have Prolonged the Hotel Cycle

This excerpt originally appeared in The Mid-Year 2018 published by Trepp and Commercial Real Estate Direct. To see the full article and others...

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CMBS Week in Review: Quartet of New Conduits Price Wider Than Initial Guidance
Blog 1 year ago
CMBS Week in Review: Quartet of New Conduits Price Wider Than Initial Guidance

Secondary CMBS trading slowed down last week as the sector digested new issue securities that rolled in during the tail-end of the second quarter....

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CMBS Delinquency Rate Breaks 4% Threshold in June
Blog 1 year ago
CMBS Delinquency Rate Breaks 4% Threshold in June

In the spring, we noted that the Trepp Delinquency Rate could reach a new post-crisis low before it was time to fire up the July 4th barbecue. The...

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Meaningful Bank Metrics: Explaining and Managing Appropriate Risk Appetites
Blog 1 year ago
Meaningful Bank Metrics: Explaining and Managing Appropriate Risk Appetites

Regardless of how conservative a bank is or what niche it lends in, the presence of risk remains constant. According to some bankers I spoke with...

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Congress Trumps Regulators in Clarifying HVCRE Rules for ADC Loans
Blog 1 year ago
Congress Trumps Regulators in Clarifying HVCRE Rules for ADC Loans

Adding to the ever-growing alphabet soup of banking regulation, the commercial real estate lending industry must now memorize a new eight letter...

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CLO Market Round-up: Issuance Heats Up Despite Mounting Trade Quarrels
Blog 1 year ago
CLO Market Round-up: Issuance Heats Up Despite Mounting Trade Quarrels

The step-up in both rhetoric and actions regarding US-China trade disputes last week did little to derail the CLO market. In fact, the sector...

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CMBS Week in Review: Four New Conduit Deals to Break Issuance Drought
Blog 1 year ago
CMBS Week in Review: Four New Conduit Deals to Break Issuance Drought

Secondary CMBS trading slowed down last week as traders shifted their focus to a bundle of new issue securities that recently came to market...

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CMBS Lenders and Property Investors Remain Disciplined in 2.0 Era
Blog 1 year ago
CMBS Lenders and Property Investors Remain Disciplined in 2.0 Era

This excerpt originally appeared in The Mid-Year 2018 published by Trepp and Commercial Real Estate Direct. To see the full article and others...

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How Scorecards Can Help Generate Reasonable CECL Reserve Levels
Blog 1 year ago
How Scorecards Can Help Generate Reasonable CECL Reserve Levels

Based on numerous conversations we’ve held recently with mid-sized and smaller banks, it seems the CECL timeline has moved from the fact-finding...

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Banking Buzz: Stress Test Review to Begin This Week; CRE Lending Higher
Blog 1 year ago
Banking Buzz: Stress Test Review to Begin This Week; CRE Lending Higher

The Fed is due to begin its stress test and capital plan review for major banks this week. This marks the eighth year of large bank stress testing...

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How the CMBS Market Thawed Out from Its Ice Age
Blog 1 year ago
How the CMBS Market Thawed Out from Its Ice Age

This month represents the 10-year anniversary of the beginning of the CMBS “Ice Age,” the period from June 2008 to March 2010 when no private label...

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CLO Market Round-up: Broader Volatility Fails to Hinder Pace of New Issuance
Blog 1 year ago
CLO Market Round-up: Broader Volatility Fails to Hinder Pace of New Issuance

During the week of June 4th, the markets successfully navigated a host of potential market-moving events: central bank meetings from the Fed and...

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CMBS Week in Review: Bullish Market Sentiments at CREFC; Trio of New Single-Asset Issues Priced
Blog 1 year ago
CMBS Week in Review: Bullish Market Sentiments at CREFC; Trio of New Single-Asset Issues Priced

Secondary CMBS trading tapered off early in the week as participants of the CRE and securitization industries flocked to Manhattan for CREFC’s...

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Despite Growth Since 2012, CRE Crowdfunding Still in Its Infancy
Blog 1 year ago
Despite Growth Since 2012, CRE Crowdfunding Still in Its Infancy

This excerpt originally appeared in The Mid-Year 2018 published by Trepp and Commercial Real Estate Direct. To see the full article and others...

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The Five Largest CMBS Loans to Turn Newly Delinquent in May 2018
Blog 1 year ago
The Five Largest CMBS Loans to Turn Newly Delinquent in May 2018

Thanks to the continued resolution of distressed legacy debt and the brisk pace of new loans being originated and securitized, the overall Trepp...

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CLO Market Round-up: Volatility Kept at Bay; Issuance Picks Up
Blog 1 year ago
CLO Market Round-up: Volatility Kept at Bay; Issuance Picks Up

Last week was one that saw everyone looking ahead to several events which threatened to introduce volatility to the markets. (The good news is that...

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The Mid-Year 2018: Evolution of the CMBS Comeback
Blog 1 year ago
The Mid-Year 2018: Evolution of the CMBS Comeback

We're now well into Year Eight of the current economic recovery, making it one of the longest periods of recovery in US history. How long it will...

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CREFC Day 2 Recap: Not Many Are Saying No to CRE CLOs
Blog 1 year ago
CREFC Day 2 Recap: Not Many Are Saying No to CRE CLOs

As we noted yesterday, the opening Monday of the June CREFC conference was notable for the general bullishness of the crowd regarding the state of...

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CREFC Day 1 Recap: Optimism, Downflagging, and (Of Course) Retail
Blog 1 year ago
CREFC Day 1 Recap: Optimism, Downflagging, and (Of Course) Retail

The word of the day in retail was "burger." (Can't say we saw this one coming.) IHOP – the International House of Pancakes – recently revealed that...

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CMBS Week in Review: Latest Conduit Issue Prices; Lord & Taylor to Close Stores
Blog 1 year ago
CMBS Week in Review: Latest Conduit Issue Prices; Lord & Taylor to Close Stores

The $668.2 million CGCMT 2018-C5 conduit offering priced on Thursday with AAA spreads settling at S+87. This fell within the range of 79 to 92...

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Trepp’s Predictions for the 2018 CCAR Stress Test Results
Blog 1 year ago
Trepp’s Predictions for the 2018 CCAR Stress Test Results

The Fed is due to release its stress test and capital plan review results for major banks in June. This marks the eighth year of large bank stress...

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