CMBS - All Articles

  • US CMBS spreads gap out on back of macro woes, fundamental uncertainty

    The 2016 CMBS pipeline opened up this week, but investors were quick to demand wider spreads to compensate for not only macroeconomic volatility, but what observers say is a deepening uncertainty in CMBS market fundamentals.

    • 28 Jan 2016
  • HPA lands first SFR deal of 2016

    Home Partners of America launched HPA 2016-1 on Monday, the first single family rental (SFR) transaction of 2016.

    • 25 Jan 2016
  • Guidance for first CMBS of 2016 sets ominous tone

    The CMBS market is edging closer to some of the most bearish predictions for spreads in 2016 only three weeks into the year.

    • 19 Jan 2016
  • Damp mood at CREFC bash as market braces for CMBS turmoil

    The skies were grey over the annual CREFC industry event in Miami Beach this week, matching the mood of CMBS market players who agreed that the good times of the past four years were behind them and that they should brace for a tumultuous 2016.

    • 14 Jan 2016
  • Varde readies UK CMBS deal for syndication

    Varde has mandated leads for a secondary placement of its £184.6m ($265.96m) MagniFinance CMBS transaction, which the issuer retained in December last year.

    • 13 Jan 2016
  • HIG hires real estate structured finance expert

    HIG Capital has hired Graham Emmett as managing director in the real estate team as the firm looks to grow its activities in the European real estate structured finance market.

    • 11 Jan 2016
  • Despite concerns, CMBS 2.0 outperforms legacy, says Fitch

    CMBS deals issued since the crisis have outperformed earlier pre-crisis deals, according to Fitch Ratings, despite widespread concern that underwriting is deteriorating across newer vintages.

    • 07 Jan 2016
  • Despite underwriting concerns, CMBS 2.0 outperforms legacy, Fitch says

    CMBS deals issued since the crisis have outperformed earlier pre-crisis deals, according to Fitch Ratings, despite widespread concern that underwriting is deteriorating across newer vintages.

    • 06 Jan 2016
  • Cantor conduit deal kicks off 2016 CMBS pipeline

    Issuers are wasting no time in January, with Cantor Commercial Real Estate announcing a $703.6m conduit deal on Monday to kick off the 2016 new issue pipeline.

    • 04 Jan 2016
  • CMBS to face its demons in 2016

    After five years of steady improvement, the CMBS sector in 2016 is staring down more uncertainty than at any point since the financial crisis. Once a vague threat in the distant future, new regulation will become reality. This, coupled with Fed liftoff and ever increasing liquidity constraints will put pressure on CMBS spreads, which are already wide. Can the market find a reason to hope? Max Adams finds out.

    • 04 Jan 2016