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Four Steps to a Safe CMBS Exit Strategy

WESTPORT, CT-Can institutional investors take advantage of the favorable conditions without worrying about the potential downside of an overheated market? Jack Mullen of Summer Street Advisors says yes.

By Jack Mullen, founder and managing principal of Summer Street Advisors LLC | Updated on June 21, 2013

WESTPORT, CT-The commercial mortgage-backed securities market is back, with investment levels not seen since the last market peak. Issuance in the first half of 2013 is expected to top $39 billion, compared to about $15 billion during the same period last year.

Yet, analysts are already expressing concern that underwriting standards are starting to ease, and may continue to slip. Can institutional investors take advantage of the favorable conditions without worrying about the potential downside of an overheated market? Yes—if they put the right practices in place to minimize exposure to risk.

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