Joseph Franzetti
CMBS Conundrum: Making Sense of the Market and What’s to Come
The CMBS market has experienced significant turbulence since mid-2015, leaving many investors and borrowers concerned. To find out more about the current market conditions and the impact they’ll have on the industry check out the new column from Berkadia’s Joseph Franzetti on the CPE blog!
CMBS Conundrum: Making Sense of the Market and What’s to Come
By Joseph Franzetti, Senior Vice President, Berkadia The CMBS conduit market has experienced a significant amount of turbulence since mid-2015, with triple-A spreads widening dramatically. As a result, both investors and borrowers have been thrown into a state of consternation. Those who invested in triple-As during the summer of 2015 have witnessed a fair amount of value diminution in their bond portfolio. And the news is no better for borrowers, who have seen their cost of capital continually grow and been subjected to a tightening credit environment. Little surprise that property sales are also being impacted. There’s hope that the…
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