As one measure of the volume of CMBS due to mature between now and 2017, consider that Fitch Ratings says about one-third, or 35%, of its rated universe is coming due over the next three years. The ratings agency anticipates that many of the peak-vintage loans face the prospect of being unable able to refinance at their respective maturity dates without additional capital. Furthermore, “potential higher interest rates later this year may put additional stress on their ability to refinance,” according to a Fitch report.
With approximately $20 billion of Fitch-rated loans with scheduled maturities already paid up through July of this year, the balance of 2015 will see another $10.8 billion in maturities across 1,215 loans. In addition, approximately $1.3 billion of loans due this year and $6 billion of loans scheduled to mature next year have defaulted.
Read more...CMBS Maturities Face Refi Hurdles - Daily News Article - GlobeSt.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.