Cerberus’ Commercial Mortgage-Backed Securities (“CMBS”) team includes professionals with backgrounds in commercial real estate, trading, and structuring. Our team works to incorporate a strong knowledge of CMBS loans and capital structures into an investment process that emphasizes bottom-up property due diligence and tailored exposure to individual loan outcomes.
Our Investment Approach
We are committed to a fundamentals-driven and research-intensive approach to identifying investments that have the potential to produce attractive, risk-adjusted returns under a variety of stress-tested scenarios. We evaluate opportunities based on extensive credit underwriting, detailed loan-level research, and comprehensive analyses market factors.
Cerberus seeks to target investments where complexity in properties, loans, servicing behavior, and capital structure creates price differentiation. We believe our CMBS platform is well-positioned to capture a diverse set of potential investment opportunities that may arise from legacy CMBS loans come due in the subsequent years.
Our CMBS Edge1
Experienced, Tenured Team
Our team of senior investment professionals has been investing together since 2008 and brings complementary knowledge and experience in all aspects of CMBS investing, including portfolio management, sourcing, trading, hedging, structuring, modeling, and risk management.
Custom Tools
Our custom tools incorporate rich data sets to support a comprehensive investment process, drawing on our experienced platforms and third-party research on properties, loans, markets, and appraisals.
Cerberus Real Estate
Our CMBS team collaborates with our Real Estate team to share insights on properties, loans, markets, and other industry trends, as well as source non-conventional deal flow from a vast network of industry relationships.
Cross-Platform Synergies
We believe Cerberus’ broad investment and operating platforms generate a wealth of perspectives with the potential to promote more informed investment decisions about the CMBS market.
1 Descriptions herein of the Cerberus Edge are subject to a number of key assumptions regarding market conditions and the ability to attain investment objectives. There can be no guarantee that the investment strategy for any Cerberus-managed fund will be successful or that any of the edges identified above will be realized to the benefit of any Cerberus-managed fund.
