November 27, 2023

Look for CMBS lenders to be more active in 2024, especially as there is increased clarity around long-term rates. CMBS volume will also benefit from some of the regional banks pulling back origination volumes. Lending will be a function of pricing and CMBS originations will be challenged due to a lack of trades. An additional challenge will be continuous monitoring of existing debt that is coming due, and lenders will be unable to cleanly refinance out. Negotiations with the servicer will likely continue for years to come. More