Commercial Mortgage-Backed Securities (CMBS)

Commercial Mortgage-Backed Securities (CMBS)

Intuition Publishing
Updated Sep 25, 2020

Commercial mortgage-backed securities (CMBS) are asset-backed securities where the underlying collateral pool consists of commercial real estate loans. Here we look at the characteristics of real estate loans, CMBS structures, characteristics of commercial mortgage-backed securities, and the state of play in the CMBS market.