News
CMBS NEEDS CPR ASAP
August 17, 2011
| Recent market volatility (aka, The Day Everything Changed...and Then Again The Next Day...and Then Again ...And Then ... Oh Nevermind) is making the CRE lending markets as angsty as an emo teenager. This unpredictability caused the value of CMBS bonds to drastically drop, which has hampered (and nearly stopped) the CMBS lending market. | |
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| The previous nine months have not been as gloomy. Winstead shareholder Chris Nixon watched the miracle of new life in the rebirth of CMBS. Chris and his team of attorneys handle CMBS loan originations for most of the major capital market lenders as well as loan originations for life insurance companies. While CMBS lenders and life companies only recently started lending again, the uncertainty is also causing concern for life insurance companies, which are exercising caution. | |
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| Winstead also handles special servicing matters for CMBS lenders, and while there has been a slight decrease in new assets transferred to special servicing, CMBS special servicing firms are still very busy. The firm's capital markets platform is nationwide. Chris has more to say on the subject, so catch him moderating our debt panel at the Bisnow Capital Markets Summit (register today) at the Marriott City Center on Aug 24. Chris says the panel will likely discuss CRE lending projections between now and the end of the year. Catch him before the panel and he can regale you with tales of his trip to the Outer Banks this summer. He's been going to NC beaches with his family since he was three; now, he's chasing his two children in the surf. | |
