CMBS - All Articles

  • Trio Aims CMBS Deal At ASF Confab

    Deutsche Bank, UBS and Ladder Capital are planning to make a splash with their roughly $2.4 billion new commercial mortgage-backed securitization at the upcoming ASF 2011 conference in Orlando, Fla.

    • 28 Jan 2011
  • New Regs Slowing Down Ratings, Deals

    Credit rating agencies are feeling the weight of new regulations, causing delays in primary new issuance by up to two weeks, according to bankers.

    • 28 Jan 2011
  • Taurus CMBS Loan Granted Extension

    A loan securitized in Merrill Lynch’s Taurus (Germany) 2006-1 commercial mortgage-backed deal has had its standstill period extended to Feb. 25 after the borrower failed to repay it on the Oct. 18 maturity date.

    • 28 Jan 2011
  • REC 6 Servicer Issues Bondholder Committee Call

    NM Rothschild, the servicer in the Alburn Real Estate Capital 6 securitization, has called on investors in the £188 million ($305.5 million) U.K. commercial mortgage-backed deal to set up a bondholder steering committee in order to thrash out all available options after the issuer’s tender offer to buy back notes expired Jan. 21.

    • 28 Jan 2011
  • Noteholders vote against Gatak’s REC 6 CMBS tender

    Gatak Real Estate’s tender offer in the REC 6 CMBS has been rejected, after failing to secure 75% of noteholder votes in each class. The collapse of the tender leaves noteholders with few options, as the transaction is expected to default on its April payment date.

    • 28 Jan 2011
  • RiverOak Lines Up First CMBS Loan

    RiverOak Investment Corp. has obtained its first commercial mortgage-backed securities loan, tapping Ladder Capital for a $20.7 million mortgage on a portfolio of six medical office properties.

    • 27 Jan 2011
  • CMBS Issuers See Return In Confidence

    A return to confidence in the debt markets was the theme of the first day of panels at the Commercial Real Estate Finance Council semi-annual conference in Washington, D.C.

    • 26 Jan 2011
  • Specially Serviced Loans Drop $2B

    The total balance of commercial mortgage-backed securities loans in special servicing dropped almost $2 billion to $90.1 billion from the second to third quarter of 2010.

    • 24 Jan 2011
  • Noteholder groups threatens to block cheap Plantation sale

    One noteholder group in the REC 5 CMBS, backed by Plantation Place, has warned the others that it will block any proposals to sell the property at a distressed level.

    • 21 Jan 2011
  • Uni-Invest could be caught up in noteholder conflict

    The Opera Finance (Uni-Invest) CMBS could breach its standstill agreement in February, opening the door to a conflict with noteholders. Servicer Eurohypo could struggle to convince noteholders it will act in their interests, as it also holds a mezz position in Uni-Invest.

    • 21 Jan 2011
  • SEC Approves Final Rules On Dodd-Frank Disclosure

    The U.S. Securities and Exchange Commission this morning gave approval to two final rules regulating repurchase disclosure and due diligence reviews for asset-backed securities.

    • 20 Jan 2011
  • Hexagon’s Warjanka Heads To CRE Shop

    Hudson Advisors has scooped up Steve Warjanka from Hexagon Securities, where he focused on mortgage-backed securities sales and trading.

    • 19 Jan 2011
  • Freddie Out With First 2011 Multifamily CMBS

    Freddie Mac is prepping its first multifamily commercial mortgage securitization for 2011, a $1 billion FREMF 2011-K10.

    • 18 Jan 2011
  • New NCUA RMBS Deal Runs Strong

    Investors say the new $1.51 billion Barclays Capital-led residential mortgage-backed securitization of National Credit Union Administration assets is fully subscribed, with initial whispers on AAA paper in the mid-to-upper 40s.

    • 18 Jan 2011
  • NAIC Guidelines Could Pack A Wallop

    Risk-based capital requirements for insurance companies that invest in commercial mortgage-backed securities could be substantially higher than what was expected when the National Association of Insurance Commissioners released its initial guidelines last November.

    • 14 Jan 2011
  • CMBS Beacon Loan Mod Has Limited Market Impact

    The effect of the recent $2.64 billion Beacon Seattle and DC Portfolio loan modification has had a limited impact on the seven 2007 commercial mortgage-backed securities the mortgage is split across, according to traders.

    • 14 Jan 2011
  • Rally Projected For CMBS Super Seniors

    Amherst Securities is forecasting a rally of around 100 basis points for seasoned super-senior commercial mortgage-backed securities with credit enhancement levels of 30% in the coming year, according to a new report.

    • 12 Jan 2011
  • German Multifamily CMBS Face Loan Default Woes

    Underlying loans in German multifamily commercial mortgage-backed securitizations are facing more defaults before reaching maturity, according to Barclays Capital analysts in London.

    • 12 Jan 2011
  • Dutch Sale-And-Lease Back Deal Expected

    A £175 million ($273 million) sale-and-lease back mortgage bond offering on a single Dutch research and development site is being prepared.

    • 12 Jan 2011
  • Last White Tower Property Set To Be Sold

    The sole remaining property in the White Tower 2006-3 commercial mortgage-backed securitization is set to be put up for sale.

    • 11 Jan 2011
  • Street Awaits Flurry Of Auto, CMBS Paper

    Market officials expect the asset-backed securities market to come out of the gate strong in 2011, with auto deals and commercial mortgage-backed securities tipped to lead the way.

    • 07 Jan 2011
  • Banks Line Up Buyers For B-Pieces

    BlackRock and a small cadre of yield-chasing investors have inked agreements to buy the b-pieces on about $8 billion of commercial mortgage-backed securities deals slated for the first quarter.

    • 06 Jan 2011
  • CMBS Secondary Market Heats Up Fast

    The commercial mortgage-backed securities secondary market is buzzing, with more than $1 billion of bid lists hitting desks Thursday.

    • 06 Jan 2011
  • BlackRock Scoops Up B-Piece From Deutsche Bank, UBS Deal

    BlackRock has acquired the non-investment-grade tranche of an upcoming $2.9 billion commercial mortgage-backed securities deal from Deutsche Bank, UBS and Ladder Capital.

    • 04 Jan 2011