While loans underlying CMBS bonds—which are generally longer-term and fixed-rate—appear woefully insolvent, another group of bonds comprising short-term floating-rate commercial real estate loans are even worse.
pull down to refresh
related posts
57 sats \ 0 replies \ @Cje95 10 Apr
Geez they took out the loan in 2014 to expand the mall?!? I could swear that malls were already in trouble at that point freaking terrible move. Money was cheap back then as well… shows how bad the finances are in my eyes
reply
109 sats \ 1 reply \ @grayruby 10 Apr
I am shocked that commercial real estate and CMBS hasn’t imploded yet. I thought for sure when rates spiked that would be the cause of the next recession and lead to the big print as our friend Larry Lepard would say.
reply
40 sats \ 0 replies \ @kepford 10 Apr
I am too. You would have thought the effects of the covid lockdowns would have done it in.
reply
36 sats \ 0 replies \ @kurszusz 10 Apr
The government will probably help them...
Or maybe the bank (or another bank) will restructure the loan (smaller monthly payments, but longer term).
I'm not worried about them :)
reply