First mortgages with high LTVs were still being originated in the first half of 2022, but less so than during the same period last year.
The survey shows widespread, albeit measured, pessimism around commercial real estate in the coming year.
The financial services company wants to bolster its business in this part of the market.
The debt markets have shown signs of life in recent weeks. Is it sustainable?
While the US conduit market continues to be the gold standard for predictability, the agency expects the growing EMEA CMBS market will follow a more bespoke path.
The lender group originated the loan on behalf a partnership between Blackstone and Starwood Capital.
The firm’s CMBS ETF is weathering today’s volatile market, says Karen Veraa, managing director.
A portion of the proceeds of GSMS 2022-ECI, along with about $105 million of subordinate mezzanine financing and another $24 million of sponsor equity, will be used to refinance existing debt.
A surprise Federal Reserve rate hike and subsequent rhetoric from the country’s central bank threatens to slow down a red-hot market.
The near-term impact of higher rates is already being felt in the US CMBS market.

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