Moody's: Rising commercial real estate prices bring ray of hope to CMBS hope notes
New York, March 01, 2017-- Benefiting from rising prices in commercial real estate, the principal recovery rate of disposed hope notes in commercial mortgage-backed securities transactions has improved over time, hitting 27.2% in 2016, its highest point since 2011, Moody's Investors Service says in a new report. The 224 hope notes totaling $2.74 billion disposed since 2009 and through 2016 have registered a weighted average recovery rate of 22.0%. "We continue to closely...
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