Darrell Wheeler produces CMBS research for Moody's Ratings, developing mortgage-backed securities data analysis and models, advising the firm’s clients, and renowned for his application of fundamental credit analysis. His structured finance experience is extensive, previously managing the structured finance research of both S&P Global Ratings and Citigroup Global Markets. He is a past member of CREFC’s Board of Governors and currently participates in CREFC’s editorial committee. The industry recognized him as Institutional Investor’s #1 CMBS analyst for six consecutive years.
More than $7 billion of loans tied to office properties that were bundled into bonds are coming due over the next 12 months, and many of them won’t be able to refinance.
The shortage of available housing is raising the cost of apartments just as it is with single-family homes. Building upgrades mean higher rents, too.
More than $5B of office-backed CMBS loans are set to come due this year, and experts see many older buildings at risk of default.