CommercialLoanDirect.com news update Commercial Mortgage Alert reported that although nine CMBS conduit lenders are actively seeking CMBS conduit loans for the first multi-borrower CMBS transaction since the CMBS market stalled in 2008, progress on accumulating loans for securitization has been slow. Informal discussions with the conduit lenders revealed that no lender has accumulated over $100 million of loans, well below the estimated $500 million needed to create an economical CMBS issue. As a result, a number of conduit lenders likely will team up to create a CMBS issue in excess of $500 million. Based on the slow pace of closings, a new multi-borrower CMBS issue may not be seen until at least the summer.
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