Commercial Mortgage-Backed Security

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Commercial Mortgage-Backed Security

A mortgage-backed security in which the mortgages on commercial building, offices, factories, apartments, and other buildings other than single-family homes collateralize the security. Unlike most other mortgage-backed securities, the structure of a CMBS is not standardized and as a result, it is difficult to assess its risk. It is also called a collateralized mortgage-backed security.
References in periodicals archive ?
UBS Securities (NYSE: UBS) and Barclays Plc (LSE: BARC) are planning to sell commercial mortgage-backed securities.
For borrowers with loans securitized in the commercial mortgage-backed securities (CMBS) market--many of which prohibit mezzanine financing--the two primary vehicles for extracting equity are selling or refinancing.
The risk transfers carried out through the commercial mortgage-backed securities market, however, have been very limited.
s Commercial Mortgage-Backed Securities Group announces the publication of the third installment of its series on issues in the CMBS marketplace.
25 billion commercial mortgage-backed securities (CMBS) note.
Last autumn's severe disruption in the commercial mortgage-backed securities (CMBS) market is just a memory now.
the "fund") is a closed-end bond fund which invests primarily in investment grade commercial mortgage-backed securities.
The CDO is also permitted to invest in real estate-related corporate and bank debt and commercial mortgage-backed securities (CMBS).
Multi-class" issues are commercial mortgage-backed securities whose collateral consists of a mix of mortgages on all types of commercial properties located nationwide, including multi-family (apartment buildings), healthcare (hospitals and nursing facilities), hospitality (hotels and motels), industrial and warehouse properties, office buildings and retail shopping centers.
The Bank of New York Asset Solutions Division (BNYAS), the commercial mortgage servicing division of BK, is a Fitch-rated commercial mortgage-backed securities (CMBS) servicer.
We now have a mortgage company which not only has the capacity to act as an originator of multi-family and commercial mortgage loans but also will issue its own Commercial Mortgage-Backed Securities (CMBS).
Multiclass" issues are commercial mortgage-backed securities whose collateral consists of a mix of mortgages on all types of commercial properties located nationwide, including multifamily (apartment buildings), healthcare (hospitals and nursing facilities), hospitality (hotels and motels), industrial and warehouse properties, office buildings and retail shopping centers.

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