KBRA Releases Research – 5- and 10-Year Deal Credit Metrics
KBRA releases a report comparing the credit metrics between the 2023 5-year and 10-year conduit deals. In 2023, the commercial real estate (CRE) securitization market offered 5-year fixed rate loans to borrowers hesitant to lock in longer-term 10-year loans. This led to the market’s first CMBS conduit deal issuance that......