Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY—On the face of it, CSMC Trust 2014-ICE is not a bell-ringer among recent CMBS issues. At $655 million worth of commercial mortgage pass-through certificates, it’s considered large but not unusually so in a year that already has seen more than a few $1-billion-plus securitizations, although it’s among the biggest on record for its property type. Yet the transaction, for which Fitch Ratings and Standard & Poor’s have issued presale reports, illustrates the more conservative underwritings that have characterized so-called CMBS 2.0 thus far—even if S&P reported earlier this month that conduit loans’ credit metrics have begun deteriorating.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.