Quarterly securitizations of non-agency commercial real estate loans climbed to the highest level in three years, while year-to-date volume is well ahead of last year.

Issuance of private-label commercial mortgage-backed securities during the period that started on July 1, 2017, and concluded on Sept. 30 came to $26.8 billion.

In addition to exceeding the $21.2 billion in CMBS issuance during the second quarter, CRE loan securitization volume was the strongest it’s been since the third-quarter 2014.

Source: Mortgage Daily