As Credit Suisse's troubles have deepened and become even more obvious, there has been a natural concern in commercial real estate. However, there still could be an impact on commercial real estate. But an answer to a question that GlobeSt.com posed to the bank would suggest that, at least for now, CRE activity will remain as it was.
Credit Suisse is generally among the larger issuers of commercial mortgage-backed securities (CMBS). Trepp data for 2019 put them in 9th place with a 5.3% market share. Then there would be a question of direct CRE lending.
Earlier in the year, Credit Suisse issued a statement that it looked to raise capital to strengthen its position. Part of the statement was as follows:
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.