CMBS Volume Expected to be About $100 Billion In 2004, Slightly Down From 2003’s $106 Billion
January 9, 2004
Global new issuance of commercial mortgage-backed securities in 2004 is expected to decrease from the record $106 billion reached in 2003, and will consist of even more fusion transactions, driven by issuers that book large loans for inclusion within the conduit product, according to Citigroup analysts.