Sales of commercial mortgage-backed securities aren’t likely to increase much next year as borrowing costs remain high and lenders back off making new loans, according to CMBS executives.
“The Street’s not really taking risk, they’re very concerned,” Steven Schwartz, managing director of loan acquisitions for Torchlight Investors, said at the Bloomberg Commercial Real Estate Summit in New York. “The first quarter’s going to be grim.”
CMBS Sales Seen Little Changed in 2012 as Lenders Cut Back - Businessweek
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