A detailed study of more than 1,000 European CMBS loans over the past 15 years reveals rising property values, not rising loan-to-value (LTV) ratios, were to blame for commercial real estate loans going bad.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts