Latest news
Latest news
Deal refinances three banks' loans for $1.3bn acquisition
Barclays is holding the risk retention for the deal
Deal includes $760m of triple-A notes guided at 105bp
More articles
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Goldman Sachs is preparing a return to the European periphery CMBS market that it reopened at the end of last year, launching a dual-loan deal backed by Italian properties and fuelling hopes that an expanding investor base will lead to more complex structures in the next few months. -
Goldman Sachs is preparing a return to the European periphery CMBS market that it reopened at the end of last year, launching a dual-loan deal backed by Italian properties and fuelling hopes that an expanding investor base will lead to more complex structures in the next few months.
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Bank of America Merrill Lynch priced Taurus UK CMBS 2014-1 on Wednesday, demonstrating through a book in which every tranche was more than three times covered that investors were willing to overlook the secondary quality of the portfolio in exchange for a chance to pick up some yield.
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NewOak Advisors has hired a former commercial real estate and structured credit analyst at Standard & Poor’s as a managing director in its Credit Services group. The new hire will help NewOak build up its collateral validation, servicer oversight and other credit management functions.
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Bank of America Merrill Lynch priced Taurus UK CMBS 2014-1 on Wednesday, as Deutsche Bank sent out IPTs on Deco 2014 Gondola, the first European multi-loan CMBS since the crisis.
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Bondholders in Canary Wharf’s securitization financing are facing a fight over whether they will get an extra £170m payout following the sale of 10 Upper Bank Street, Clifford Chance’s London headquarters.
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Bank of America Merrill Lynch has set out initial pricing thoughts on Taurus CMBS UK 2014-1, the capital markets exit for the financing on Apollo’s purchase and liquidation of a distressed UK retail portfolio.
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Deutsche Bank has begun marketing the first public multi-loan CMBS transaction since 2007 as spreads in the asset class hit post-crisis tights. More European CMBS is in the pipeline but some bankers warn a revival could be curtailed by an aggressive loan market.
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A war of words between CMBS special servicers Mount Street and its larger rival, Hatfield Philips International, broke out this week, in a fight that illustrates just how challenging it is for CMBS investors to exercise their rights.
