No V-shaped Recovery For CMBX-8 (At 72.2)

by confoundedinterest17

While the US economy is experiencing a V-shaped recovery, the CMBX-8 reference index for CMBS is still declining after an increase in June.

What is the collateral behind CMBX-8? Retail and office are the leading property types.

10.1% of the loans are with the special servicer (11.0% if you take defeased loans out of the denominator) while 21.0 % of the loans are on servicer watchlist (22.9% without defeased).

How can CMBX-8 start rising again? Governors and mayors have to stop the US economic lockdown.

Here are the 10 largest loans behind CMBX 8. The two largest are office loans.

 

 

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