The Caution Flag Is Out For The Revitalized U.S. CMBS Market (00:05:57 min)
The revitalized U.S. CMBS market is dealing with larger and more complex transactions. CMBS 2.0, after a very conservative start, has quickly moved toward higher leverage, lower debt service coverage ratios, and somewhat looser underwriting. In this podcast, Standard & Poor's Managing Director Howard Esaki and Senior Director James Manzi discuss overall market trends with an eye on these recent transactions.
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