KBRA Credit Profile Releases CREFC June Conference 2023: Day 2 Recap

KBRA Credit Profile (KCP), a division of KBRA Analytics, releases its Day 2 recap of the CRE Finance Council (CREFC) June Conference 2023. Day 2 kicked off with the CREFC Legislative & Regulatory Update Forum, where participants discussed ongoing policy adjustments impacting the commercial mortgage-backed securities (CMBS) industry. Registrants listened in as market participants laid out concerns and outlooks for their particular segments of the industry.

Key Takeaways

• Regulatory concerns were focal points for discussion, with the proposed Securities and Exchange Commission (SEC) Rule 192 and 144A featuring throughout the day.
• Lower CRE transaction volume has hindered price discovery; alternative structures are being sought to increase deal volume.
• Alternative and conduit lenders are well positioned to benefit from the slowdown in regional bank lending.
• Lenders and CRE securitization investors expressed an unwillingness to increase their risk thresholds, leaving the onus on borrowers to bridge the gap via equity contributions and healthy funding of reserve accounts.

Click here to view the report.

Related Publications

• CREFC June Conference 2023: Day 1 Recap

About KBRA Credit Profile

KBRA Credit Profile (KCP) is a research service and nothing herein or otherwise provided by KCP shall be construed as a rating. Any rating opinions, analysis, projections, observations, data or other items constituting part of any information provided or distributed by KCP or KBRA are and must be construed solely as statements of opinion and not statements of fact.

About KBRA Analytics

KBRA Analytics, LLC (KBRA Analytics) is our premier product platform for high quality data and advanced analytics. Our seasoned teams of industry specialists across each product provide unparalleled insight creating a foundation of deeper analysis and rapid discovery for users. KBRA Analytics is an affiliate of Kroll Bond Rating Agency, LLC (KBRA). KBRA is a full-service credit rating agency registered in the U.S., designated to provide structured finance ratings in Canada, and with credit rating affiliates registered in the EU and UK.

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