Bridge Loans as a Solution to CMBS Maturities
The CMBS market still faces a serious challenge. An unprecedented number of commercial mortgages were underwritten in the late stages of the real estate bubble in 2007. Now, those ten-year loans are finally coming due, and a so-called “Wall of Maturities” is facing the industry.
The market responded in the early part of 2017 with on-time payoff rates near 70% and a reduction in maturities from over $100 billion to approximately $46 billion. Generally good news, but what about the remaining $46 billion?
Download this white paper now and learn why bridge loan financing may be the best way to secure financing needed to cover short term requirements.