Securities backed by pools of commercial mortgages, sold to investors on secondary markets. CMBS financing enables non-recourse lending for large commercial properties, with loan terms and conditions
Direct Answer—Securities backed by pools of commercial mortgages, sold to investors on secondary markets. CMBS financing enables non-recourse lending for large commercial properties, with loan terms and conditions
Securities backed by pools of commercial mortgages, sold to investors on secondary markets. CMBS financing enables non-recourse lending for large commercial properties, with loan terms and conditions governed by bondholders rather than a traditional lender — making them less flexible but often accessible for larger Canadian commercial real estate transactions.