The CMBS issuance story is just one of a number in this issue of the Year-End that looks into the businesses that have disrupted the CRE sector. CMBS, which started only about 25 years ago, brought transparency, speed, and efficiency to the commercial mortgage lending world.
NEW YORK (PRWEB) January 21, 2020
Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate (CRE), and banking markets in collaboration with Commercial Real Estate Direct, founded in 1999 with the idea of bringing high-end news and information to professionals in the CRE industry, have released their 2019 Year-End Magazine, titled: CRE Disrupters, Finding the Next Big Thing. Access the full magazine here: https://info.trepp.com/year-end-2019-commercial-real-estate-direct-email-pr.
Last year, $96.7 billion of domestic, private-label CMBS was issued, topping 2018's issuance by nearly 30 percent. Few predicted such an active year because of the expectation for interest rates to climb, but the opposite happened.
The 10-year Treasury yield, which briefly topped 3 percent in 2018 and ended the year just below that level, steadily dropped from there, falling to as low as 1.47 percent in 2019. With healthy lender competition, borrowers consistently were able to lock in loans at rates with four handles. Due to stable or even improving property fundamentals and values, owners were able to refinance loans before their term expirations, often through defeasance. So even though not many loans were coming due, loan origination volumes exploded.
“The CMBS issuance story is just one of a number in this issue of the Year-End that looks into the businesses that have disrupted the CRE sector,” says Orest Mandzy, Managing Editor of CRE Direct. “CMBS, which started just more than 25 years ago, brought transparency, speed, and efficiency to the commercial mortgage lending world, which previously moved at a snail's pace.”
Since then, we've seen coworking become a key cog in the national office market, bringing flexibility to both tenants and landlords, and Airbnb, which perennially threatened the viability of the hotel sector, actually expand the universe of potential hotel visitors. Crowdfunding, which became notable because of legislation passed seven years ago, continues to promise to democratize the entire commercial real estate sector.
The magazine also provides a summary of the good, the bad, and the ugly parts of the CRE market last year. You’ll also find our annual CMBS Awards and a few pieces written from industry experts from firms such as the Mortgage Bankers Association and the CRE Finance Council. Download CRE Direct and Trepp’s full magazine here: https://info.trepp.com/year-end-2019-commercial-real-estate-direct-email-pr.
Trepp, founded in 1979, is the leading provider of information, analytics, and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency, and investment performance. From its offices in New York, San Francisco, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp is wholly-owned by Daily Mail and General Trust (DMGT). For more information, visit http://www.Trepp.com.
About CRE Direct
Founded in 1999, CRE Direct currently delivers news to more than 10,000 individuals throughout every business day via its CREnews.com site and weekly through its emailed newsletter publication. CRE Direct provides the most up-to-date market intelligence on the mortgage business, equity raising, investment sales, and CMBS sectors. Subscribers, which include investors, lenders, brokers, investment banks and others, gain access to daily in-depth news and information through the Property Sales Database, CMBS Pricing Matrix, and CMBS Pipeline.