Brief
Moody’s Sees Limited Impact on Five-Year Freeze on NYC Apartment Rents
Just 6% of the 481 CMBS single-property multifamily loans in New York City would see credit metrics deteriorate to the point of default risk specifically due to a proposed five-year freeze on rent inc
Summary
Just 6% of the 481 CMBS single-property multifamily loans in New York City would see credit metrics deteriorate to the point of default risk specifically due to a proposed five-year freeze on rent increases, Moody’s reported.
However, the effect would vary across borrowers.
According to Moody’s, the decisive variable in predicting CMBS performance is unit...
Source
- Connect CREconnectcre.com
