Posts Tagged ‘debt maturity’
In Which Direction is CMBS Headed?
November 12th, 2009 | 
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This post has been contributed by Richard Weidel, a Masters in Real Estate Investment Banking and Private Equity graduate student at Cornell University.
An interesting development is in the 11/6/2009 Commercial Mortgage Alert (CMA), headlined “JP Morgan Resumes CMBS Loan Program”. The article states that J.P. Morgan has restarted its conduit lending program, and plans to restart securitization next year. With the debt markets still frozen, and a looming commercial debt maturity balloon coming in 2010-2011, new securitizations could offer much needed liquidity to a tight CRE market. While JP has indicated that it plans to only originate fairly conservative, fixed-rate loans for securitization, this could be the impetus needed to improve investor confidence in CRE and bring money back to the debt markets.
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