Hurricane affected CMBS deal prepped

A new $2.1bn single borrower CMBS deal, backed partly by Texas motel properties affected by Hurricane Harvey, is being lined up for sale.

  • By David Bell
  • 30 Aug 2017
Blackstone is preparing to issue Motel 6 Trust 2017-MTL6, along with $225m of mezzanine financing, to refinance around $2bn of existing debt and to cash in $286.5m of equity. A $1.8bn chunk of the existing debt was securitized in a previous

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 110,142.00 315 13.01%
2 Bank of America Merrill Lynch 95,965.47 280 11.34%
3 Wells Fargo Securities 81,461.44 248 9.63%
4 JPMorgan 58,998.35 186 6.97%
5 Credit Suisse 44,382.59 136 5.24%