Latest news
Latest news
TwentyFour priced its Dutch prime RMBS refi, Blackstone its sterling logistics CMBS
Blackstone is aiming to execute its CMBS before the market shuts for Global ABS
Second large office CMBS in quick succession after The Soloviev Group sold a $1.7bn New York office CMBS last week
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Morgan Stanley’s Zephyrus (ELoC 30) CMBS, which was priced just before Christmas, includes extensive waivers of sanctions liability — for a deal which is only exposed to UK commercial property.
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Trepp and Markit have teamed up to launch two CMBS indices in the US, available at the end of January, to cover the performance of deals at issuance and reflect trading of liquid CMBS transactions.
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Morgan Stanley’s Zephyrus (ELoC 30) CMBS, which was priced just before Christmas, includes extensive waivers of sanctions liability — for a deal which is only exposed to UK commercial property. -
JP Morgan’s latest CMBS deal represents a market trend in which issuers have sold investors cheaper deals backed by weaker collateral, market participants say.
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Proceeds from the largest loan left in Titan 2006-2 will flow through to noteholders in January, but the hefty costs of enforcing the loan and selling the property means noteholders are likely to see losses. The property sold for €268m almost a year ago, but CMBS noteholders are only set to recover around €239.5m, 90.58% of the outstanding loan amount.
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The restructuring of two UK hospital property securitizations, Theatre (Hospitals) No 1 and 2, has finally been executed by most of the parties to the deal, with the restructuring adviser, Lazard, circulating the agreement to the final parties in a notice published on Tuesday.
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Goldman Sachs has got in on a recent surge of asset sales from Bankia, picking up a diverse portfolio of real estate loans from the nationalised Spanish lender.
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Deutsche Bank and Bank of America Merrill Lynch have launched a long rumoured German CMBS transaction to refinance a five year loan to IVG Immobilien, which could take European supply in the recovering asset class close to €5bn for the year.
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Deutsche Bank and Bank of America Merrill Lynch have launched a long rumoured German CMBS transaction, which could take European supply in the recovering asset class close to €5bn for the year.
