Search
 

Tale of Two Loans: Freddie Mac K-Series Top Conduits in Multifamily Distress

CMBS fixed-rate conduits hit 4.46% distress while Freddie Mac K-series securitizations don’t even crack 0.20%.

By Erik Sherman | November 18, 2024 at 07:03 AM

There’s a lot of attention on commercial real estate loans and how they perform as a proxy for the health of markets and investments. CMBS typically gets extra scrutiny because these are loans with relaxed underwriting — and may be more representative of CRE that could face problems than properties purchased under strict requirements with a good likelihood of getting refinanced.

However, KBRA released an analysis of two types of loans on multifamily properties that are similar in many ways but differ enormously in their distressed rates.

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.