KBRA releases its Day 2 recap of the CRE Finance Council (CREFC) June Conference 2024.

Key Takeaways

• Panelists noted that banks are looking to further reduce exposure and improve liquidity by selling performing and nonperforming loans.
• While delinquencies from commercial real estate collateralized loan obligations (CRE CLO) are expected to increase, the structure continues to function as designed.
• Award-winning comedian and writer Trevor Noah discusses his philosophy on risk-taking, the importance of adaptability, inclusion in the workplace, managing conflicting views in a team, and mentorship during the Keynote Luncheon.
• Multifamily operators have preferred five-year terms and shorter yield maintenance periods due to expectations of rate cuts in the near and intermediate term.
• The issuance pipeline is being front-loaded to avoid anticipated volatility in 2H 2024; however, election results are unlikely to have a material impact on the industry.

Click here to view the recap.

Related Publication

• CREFC June Conference 2024: Day 1 Recap

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

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