Hurricane Katrina's impact on CMBS is becoming clearer as times passes and delinquencies rise. “The spike in delinquencies due to Katrina became apparent in October and continues today,” says Larry Kay, a director in Standard &...
Retail assets were responsible for the biggest share of CMBS deals in the United States in 2005 and boasted the lowest delinquency rate of all property types. The sector's strength, coupled with strong investor demand, resulted in higher...