The CMBS Market Has Weathered the Summer's Economic Storms via NREIonline.com

As the summer comes to a close, CMBS players are breathing a sigh of relief.

Although the industry has experienced some turbulence this year, it was lucky enough to avoid a crash like it went through last summer due to the European debt crisis and the drama surrounding the U.S. debt ceiling. The CMBS market has finally stabilized, experts say, leaving lenders, borrowers and investors quite content with current conditions.

“It’s night and day compared to this time last year,” says Doug Mazer, co-head of Wells Fargo’s CMBS lending group. “Right now we’re in a period of relative stability. The last two CMBS pools in the market were oversubscribed, and a lot of that has to do with the fact that we’re in a period of relative calm.”

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