Commercial Mortgage-Backed Securities (CMBS)

Keith Tan

Commercial mortgage-backed securities are backed by income-producing real estate, such as:

  • Multi-family Apartments.
  • Warehouses.
  • Shopping centers.
  • Office buildings.
  • Health care facilities.
  • Senior housing.
  • Hotels.

An important difference between residential and commercial MBS is that the borrowers who pay the mortgage obligations are the investors of the underlying properties. 

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