Much of the CRE loan analysis that has come out has been based on data from such sources as CMBS, proprietary sets, or compilations of government releases. Many of the results look at long-term financing.
A new Wall Street Journal analysis, though, wades into the troubling area of mezzanine financing. A normal part of CRE credit stacks, it's been a way for developers, owners, and investors to get from one period of financing to another, maybe keeping a project afloat while a property leases up.
But what had been a normal part of the financial firmament has taken a turn for the worse.
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.
