Property-Bond Market Heats Up Ahead of Miami Industry Conference
- Single-asset deals queue up ahead of annual gathering in Miami
- CMBS delinquencies decreased significantly: Moody’s Analytics
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Commercial mortgage bond sales are heating up again, signaling another strong year ahead after issuance of the securities hit a post-crisis record in 2021.
At least 11 transactions linked to single properties, or to individual borrowers, are in the queue for January and February, according to regulatory filings and Barclays Capital data. Sales of these commercial mortgage backed securities, known as single-asset, single-borrower deals, will probably exceed $6 billion in the first two months, Barclays said in a research note this week. That doesn’t even include so-called conduit deals, which are backed by dozens of loans of different property types.