Commercial mortgage-backed securities market rises
Industry data from New York City-based Trepp LLC shows an overall positive trajectory for CMBS debt as there are more loans on the books, fewer delinquencies, lower overall delinquent balances and delinquency rates and a higher aggregate loan balance in the Detroit-Warren-Livonia metropolitan statistical area.
All of that bodes well — for now — for the local real estate market, which relies on the CMBS financing for a variety of things, including building purchases and debt refinancing, among others.
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Kirk Phino, Crain's Detroit Business.