Commercial mortgage-backed securities: The crossroads of real estate debt and liquid credit

High-yielding commercial mortgage-backed securities (CMBS) sit at the crossroads of real estate debt and liquid credit investing. In this episode of Alternative Angles, Fidelity Portfolio Manager Matt Torchia and Host Steve Rosen discuss how this nuanced and less efficient market can help provide investors with an attractive current yield, idiosyncratic alpha, and portfolio diversification. Tune in for insights on: Conducting bottom-up, property-by-property valuations.Assessing shifts in commercial real estate fundamentals and loan underwriting standards.Navigating the market and CMBS structures after a rise in interest rates and a fall in property values.CMBS investment examples.

Episode metadata supplied by the publisher feed · Published Mar 5, 2026

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Commercial mortgage-backed securities: The crossroads of real estate debt and liquid credit

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Wall St For Main St Jason Burack, Mo Dawoud and John Manfreda Wall St for Main St provides alternative financial information, research, education and consulting to Main Street investors using uncommon wisdom. Our goal is teaching people how to fish for themselves instead of trusting their financial adviser. We interview top investors, traders, money managers, financial commentators, economic experts, authors, CEOs and newsletter writers from around the world to discuss the latest events in the global economy and financial markets.

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This episode was published on March 5, 2026.

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