NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases January’s CMBS Trend Watch. Pari-passu notes have been trending higher for the last five years. The rise in single borrower deal volume has contributed to the growth that has occurred in recent years, as the notes from these transactions are often split and bundled into conduit transactions (sidecar notes). In this month’s publication, we include a “Sidecar Sidebar”, which provides a brief look into these sidecar notes. By doll
