CMBS: Collapsing Issuance and Skyrocketing Spreads [View article]
That bolding about loan to value is somewhat inaccurate. Moody's is describing their average loan-to-value number which is a stressed cash flow number with a conservative cap rate. So it's not like that's appraisal-to-loan value.
CMBS: Collapsing Issuance and Skyrocketing Spreads [View article]
That bolding about loan to value is somewhat inaccurate. Moody's is describing their average loan-to-value number which is a stressed cash flow number with a conservative cap rate. So it's not like that's appraisal-to-loan value.
CMBS: Collapsing Issuance and Skyrocketing Spreads [View article]
CMBS: Collapsing Issuance and Skyrocketing Spreads [View article]