Twister May Have Hurt Some CMBS: S&P

A recent Midwest tornado has damaged as many as 100 properties with a $500 million current balance in 61 Standard & Poor’s rated conduit commercial mortgage-backed securities.

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The properties all lie within the tornado’s impact radius, but it is unclear how many of them sustained damage, according to a Standard & Poor’s report Wednesday.

“While individual deal exposures are mostly minimal, retail and multifamily property types have the greatest presence in the area,” S&P researchers say in the report.


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