Latest CMBS news

  • Credit metrics slipping in multifamily CMBS, as agencies compete for business

    Multifamily CMBS underwriting standards have been slipping, according to JP Morgan analysts, as growing appetite from the government sponsored enterprises (GSEs) drives competition among agency and private label lenders.

    • 23 May 2017
  • Goldman prices CMBS as issuers prep another $2.7bn for issuance

    Goldman Sachs priced a conduit CMBS transaction on Friday, while issuers this week prepare to offer investors another $2.7bn of bonds in a busy run up to the annual CREFC industry conference in the first week of June.

    • 22 May 2017
  • Hotel heavy single borrower deal hits hot CMBS market

    A $754m CMBS deal backed by a single loan secured by a portfolio of hotel assets hit the primary market this week, with demand for the highly leveraged deal reflective of the widespread bullishness in the wider fixed income markets, say sources.

    • 17 May 2017
  • As portfolios shrink, CMBS servicers turn to GSEs

    The four largest commercial mortgage servicers in the US are successfully battling a decline in the volume of outstanding CMBS loans by ramping up their involvement in deals from the government sponsored enterprises, said Morningstar Credit Ratings on Monday.

    • 16 May 2017
  • $1.5bn of office, hospitality single asset CMBS priced

    Three single asset single borrower deals totalling nearly $1.5bn were placed in the US CMBS market last week, while another single borrower deal and a new conduit from Goldman Sachs have been added to a busy second quarter pipeline.

    • 15 May 2017
  • Smaller players losing out in CMBS conduit market

    US risk retention rules have created a more concentrated CMBS conduit market in the six months since the regulation was implemented, as mortgage brokers and investors favour larger lenders at the expense of smaller non-bank originators.

    • 10 May 2017
  • Italy’s Atlante fund buys first securitization

    Atlante II, the Italian rescue fund designed to take bad loans of the balance sheets of distressed Italian banks, has financed its first securitization.

    • 10 May 2017
  • Lipstick Building, 75 Broad Street prepped for CMBS

    Loans on a pair of New York office buildings will back two separate single asset CMBS offerings in coming weeks, with more conduit volume also expected, as analysts predict deal volume to surge past 2016 levels following a slow start to the year.

    • 03 May 2017
  • Houston office CMBS priced as Starwood preps mall deal

    A new single borrower CMBS deal from Goldman Sachs was priced on Thursday, backed by 10 office properties in Houston, while a portfolio of regional malls is also said to be getting CMBS treatment in the next month.

    • 27 Apr 2017
  • Mall bears to take a mauling

    The 1978 film Dawn of the Dead satirised the mindless consumerism of 1970s America, with survivors seeking refuge in a shopping mall from flesh-eating zombies who seemed bent on returning to this once focal point of US society. A modern day remake might not hit the mark.

    • 27 Apr 2017

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Capital markets data from GlobalCapital

Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.

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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) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 May 2017
1 Citi 41,255.30 117 12.99%
2 Bank of America Merrill Lynch 37,631.92 109 11.85%
3 Wells Fargo Securities 32,082.26 89 10.11%
4 JPMorgan 20,969.41 64 6.60%
5 Credit Suisse 16,754.47 44 5.28%