CMBS issuance strong amidst Fed rate cut uncertainty

Image source: Unsplash, © Simone Hutsch, CC BY 2.0.


CMBS Primary Markets

On the surface, April showers did little to slow the U.S. non agency CMBS markets as they continued their relatively strong start to 2024. April saw another roughly $6.5 billion issued in the month, bringing total annual issuance to almost $26 billion, more than 3.3 times what came to market in the first 4 months of 2023. For the optimists in the room, these are signs of May flowers to come. Indeed, a strong pipeline of deals is already in the queue and ready to market.

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