The Slow Return of CMBS
Here is a Bloomberg article on the first potential multi-borrower CMBS since 2008. The lead lender is Goldman Sachs and it looks to package loans from other lenders. This is another encouraging sign for commercial real estate. The Goldman loan will be to Glimcher Realty Trust owned shopping center in Tennessee. Glimcher owns neighborhood and community shopping centers. A loan on retail real estate is also an encouraging development. The Bloomberg article states that there are $28 billion of loans in CMBS that mature in 2010, so I expect to see more lending activity.