Tuesday, June 12, 2012

CMBS markets rebound, but euro crisis a worry via Pensions & Investments

Real estate owners in need of loans are still finding them on Wall Street, but the mounting European debt crisis is fueling worries that lending could slow down, imperiling the real estate market's recovery.

Wall Street lenders that package real estate loans into commercial mortgage-backed securities originated and sold $11.6 billion in loans in the first five months of the year, vs. $24.2 billion for all of 2011, according to Trepp LLC, a New York-based research firm.

Tom Fink, senior vice president and managing director at Trepp, projects that national CMBS loan volume will total about $30 billion this year, a 20% increase over 2011.

Read more...CMBS markets rebound, but euro crisis a worry - Pensions & Investments

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