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December 09, 2024
Partner Michael Gambro spoke with Law360 about the recent increase in the issuance of commercial mortgage-backed securities in an article, "CMBS Lending Is Higher Than It's Been In Years," published on December 6.
The lowering of interest rates in the last year has been a key factor in the uptick in CMBS activity. After declining in 2023, CMBS issuance is close to totaling over $100 billion this year.
"Definitely a rebound year after a weak 2023," Mike said. "Obviously, the rate environment has been a key factor for this turnaround. It really started once it became clear that rates were stabilizing and would be going down."
"I expect this will continue into 2025, with better refinance opportunities, as well as more acquisition financings," he added.
Read the full article here (subscription required).
