Latest CMBS news

  • Bumper Blackstone hotel deal checks into CMBS market

    A $1.4bn single borrower CMBS deal hit the market on Wednesday, as the pipeline for single asset/single borrower deal bulges with floating rate borrowers keen to refinance deals ahead of further rate hikes.

    • 19 Jul 2017
  • Legacy CMBS investors suffer heavy losses

    Pre-crisis CMBS loans were in the spotlight this week, after a raft of property liquidations in three deals wiped out $410m of bonds, while Fitch reported that delinquencies jumped in June by the highest amount for six years.

    • 18 Jul 2017
  • RNHB markets mixed MBS transaction

    A Dutch buy-to-let RMBS offering from RNHB, which is expected to be priced next week, is piquing the interest of investors with commercial real estate exposure on top of the residential collateral pooled in the deal.

    • 18 Jul 2017
  • CMBS needs another reboot to stop risks piling up

    The US CMBS market is becoming more concentrated, with a smaller number of lenders structuring more deals exposed to the same properties. Lenders will have to make the CMBS experience a better one for borrowers if they want to pump life back into the market.

    • 17 Jul 2017
  • Single asset CMBS picks up with retail properties in focus

    More commercial real estate properties are flowing into the single asset, single borrower CMBS market as large loans come up for refinancing, with four deals out in the market this week in addition to a new conduit deal.

    • 13 Jul 2017
  • US CMBS volumes surge as lenders up their game

    US CMBS volumes have raced past last year’s figures, with CMBS lenders competing harder on pricing with other forms of commercial real estate financing, despite lingering concerns over the retail sector and credit fundamentals.

    • 10 Jul 2017
  • Natixis, Ivanhoe bring debut US green CMBS deal

    Natixis and Ivanhoé Cambridge have teamed up to sell the first green CMBS deal in the US, backed by an energy efficient Manhattan office building, in a move that could encourage other real estate lenders to follow as interest builds in using securitization as a tool for green financing.

    • 06 Jul 2017
  • GoldenTree, GTIS partner up on new real estate debt fund

    GoldenTree Asset Management and real estate investment firm GTIS Partners have teamed up on a joint venture focusing on financing real estate debt across a host of property types.

    • 05 Jul 2017
  • Interest only loans the ‘last weapon’ for CMBS as regional banks muscle in

    CMBS lenders are resorting to offering more interest only loans to win business as ‘desperate’ local and regional banks step up commercial real estate lending activities, prompting investor concerns about the direction of underwriting standards in the market.

    • 29 Jun 2017
  • Ladder conduit marks CMBS split

    Non-bank commercial mortgage lender Ladder Capital priced its first commercial mortgage-backed securities (CMBS) transaction last Friday, with investors demanding more spread to compensate for lower credit quality and liquidity compared to bank offerings.

    • 26 Jun 2017

CMBS news archive

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%