CRE Finance Council (formerly the Commercial Mortgage Securities Association) is a

trade organization A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. An industry trade association partic ...

for the commercial real estate finance markets. CRE Finance focuses on six Forums, market constituencies that encompass the

commercial mortgage A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or ...

industry. These Forums include Investment-Grade Bondholders, Issuers, Multifamily Lenders, Securities and Loan Investors, Portfolio Lenders and Servicers. CRE Finance Council represents more than 300 member companies. The CRE Finance Council is headquartered in New York City's financial district at 30 Broad Street.

History

It changed its name on March 23, 2010, to CRE Financial Council. Along with its name change, CRE Finance Council expanded its membership and focus and added six Forums, market constituencies that encompass the

industry.

The Commercial Mortgage-backed Securities Industry

Commercial mortgage-backed securities Commercial mortgage-backed securities (CMBS) are a type of mortgage-backed security backed by commercial and multifamily mortgages rather than residential real estate. CMBS tend to be more complex and volatile than residential mortgage-backed ...

are bonds offered to investors that are collateralized by a pool of commercial mortgage loans from which all of the principal and interest paid on those mortgages flows to investors. To create these investment vehicles, mortgage loans of varying dollar amounts, property type, and location —and containing a myriad of individualized terms and conditions — are pooled and transferred to a trust. Bonds then are issued backed by the pool of assets held in the trust. Those bonds vary in yield (the amount of return on the bonds), duration (the length of time before the bond is expected to be paid off), and payment priority (the order in which investors are paid a return on their investment). Borrowers, lenders, and investors all benefit from CMBS. Borrowers often benefit via access both to larger pools of capital than would otherwise be available in traditional lending markets and to lower interest rates. Lenders benefit from

CMBS Commercial mortgage-backed securities (CMBS) are a type of mortgage-backed security backed by commercial and multifamily mortgages rather than residential real estate. CMBS tend to be more complex and volatile than residential mortgage-backed ...

because the securitization enables them to access the capital markets with their loan products and to obtain new bonds to make new loans. Investors benefit because CMBS creates a potentially attractive and credit-worthy investment vehicle that caters to their desired risk profile, investment term, and yield. Commercial Mortgage Securities Association is an international trade association dedicated to improving the liquidity of commercial real estate debt securities through access to the capital markets.

References

{{reflist

External links

CMBS.org
the official Commercial Mortgage Securities Association website
CMBS.org
Factual Background: The Commercial Mortgage-Backed Securities Industry
Shared Ownership MortgagesCommercial Mortgage: Commercial Loan TrueRate Services
Mortgage Mortgage industry associations International trade associations Finance industry associations 1994 in economic history 1994 establishments in New York (state) Organizations established in 1994