US Commercial Property Data Response Commercial Property Lending (Feb.) After a stronger than expected increase in January, commercial real estate debt fell back in February. This suggests that last month’s gain was a one-off and not the start of a rapid acceleration... 12th March 2021 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Jan.) Commercial real estate debt growth picked up in January, seeing its strongest rise since April. That likely reflects a sharp increase in investment deals completed at the tail-end of 2020. While this... 12th February 2021 · 2 mins read
US Commercial Property Data Response Commercial Property Lending (Dec.) Commercial real estate debt growth slowed in December, probably reflecting a softening in investment activity on the back of renewed lockdowns. This points to a similarly slow start to 2021 before the... 15th January 2021 · 2 mins read
US Commercial Property Update Short, sharp, downturn will prevent major LTV breaches Debt covenants generally look less stretched in this downturn than during the GFC. And, although interest cover ratios are relatively low in some REIT sub-sectors, the short, sharp, fall in capital... 16th July 2020 · 3 mins read
US Commercial Property Update CMBS bondholders face mounting risks CMBS delinquencies have risen sharply in recent months, yet we aren’t expecting a repeat of the real estate debt meltdown witnessed in the GFC. However, non-performing loan rates are especially high... 8th July 2020 · 3 mins read
US Commercial Property Update What’s debt got to do with it? The worst commercial real estate busts have tended to follow a ramping-up in lending activity, driven by the availability of debt rising and its cost falling. However, regularly updated Fed lending... 14th February 2020 · 3 mins read
