Eric Smith is a CMBS loan originator at Deutsche Bank. Over the past 28 years, he has closed more than 1,300 CMBS loans.
Our conversation covered many topics, including:
- What is CMBS and how does it work?
- Why is there a higher concentration of multifamily in CMBS pools today?
- What's the role and impact of CMBS rating agencies?
- Why is Fitch the primary rating agency?
- What is a B-piece?
- History of CMBS (1.0 vs. today)
- Is CMBS becoming more borrower-friendly post-closing?
- What are the most common asset types for CMBS?
- What are the typical loan sizes, leverage, and pricing?
- What are the primary benefits for a borrower?
- Takeaways from MBA CREF in San Diego
If you have any questions, please send me an email at brandon.roth@ipausa.com.
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