Capital markets

“We anticipate that the constraints on credit availability will remain an issue, in as much as banks remain the only sustained source of new mortgage commitments,” says Sam Chandan of Real Estate Econometrics.

NEW YORK - By the time you read this, new commercial mortgage-backed securities will have already hit the investment market. But if you think this signals a return to the vast amounts of liquidity available through CMBS during the most recent commercial real estate boom, think again, said a leading economist and industry observer.

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