CMBS Market Shows Signs of Life, But Sector’s Toughest Times Still to Come
December 11, 2009
The commercial MBS market celebrated its first two new issues over the past few weeks – and another deal is in the works – but problems in the underlying commercial real estate market may not peak until two years from now. Bank of America is expected to close on a $400 million CMBS, Banc of America Large Loan 2009-FDG, next week. Properties backing the single-loan transaction were...