SINGLE ASSET / SINGLE BORROWER (SASB) Mortgage collateral is secured by a single “trophy” property or a portfolio of assets owned by the same borrower. Fixed and floating rate. AGENCY CMBS and pass through securities issued primarily by Freddie Mac or Fannie Mae, backed by mortgages on ...
Exhibit 1 provides monthly CRE securitized issuance since January 2020, showing the high volumes of Agency CMBS issuance in late 2020 and early 2021. After May of 2021 there is a surge of single-asset, single borrower (“SASB”) and CRE CLOs (YTD $64.45 billion and $36.0 billion, respecti...