CMBS - All Articles

  • Better not to know: retail CMBS deal skips valuation

    Kanaal, a CMBS backed by shopping centres in the Netherlands, will skip this year’s property valuation for the largest loan, as “any valuation obtained in 2020 would not give a true representation of the market value that will be used for testing of the loan to value covenant”.

    • 13 Oct 2020
  • Blackstone-backed social housing group preps CMBS debut

    Sage Housing, the for-profit social housing landlord owned by Blackstone, is marketing its first CMBS issue through Deutsche Bank — a sharply different approach to financing from its housing association peer group, which usually issue ultra-long secured corporate bonds rather than true securitizations.

    • 06 Oct 2020