Some commercial mortgage-backed securities lenders, borrowers and issuers on Thursday predicted the largest jump in issuance in six years for 2013 as low rates and bond risk premiums encourage more borrowing.
Representatives from Blackstone Group LP BX +0.81%, LNR Property and Morgan Stanley sa MS -0.49%id CMBS volume could climb more than 40% from this year, to as much as $65 billion, as they outlined the market’s progress at the Talmage 2012 Credit Conference in New York.
Issuance of privately issued CMBS in 2012 is expected to top out near $46 billion, compared with $33 billion in 2011, according to Commercial Mortgage Alert.
Read more...Market Ahead Looks Brighter for CMBS - Developments - WSJ
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