MIAMI—There's plenty of chatter about the CMBS markets—from warning signals for mega-CMBS to whether or not a CMBS revival will stall in 2013. But an Akerman Senterfitt study is offering a general industry consensus.

Nearly 300 of industry leaders convened at the annual day-long Akerman Summit this month at the J.W. Marriott Marquis in Downtown Miami. One of the topics of discussion: During the global banking crisis, the prospect of billions in mortgage securities getting liquidated sparked a selloff in the CMBS market. Where are we now and what happens next?

According to Patricia Goldstein, vice chairman and head of commercial real estate at Emigrant Bank, the industry is finally seeing a large recovery in the CMBS market as well as mezzanine financing, particularly among larger real estate transactions. She explained that there is less equity exposure and more principal guarantee involved in such large size deals. Goldstein also said that banks are eager to get involved in multifamily and hospitality projects, hinting that there is more competition in small to mid-size deals in Class A markets.