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Deutsche Bank predicts $155bn of private sector CMBS
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Single asset, single borrower deals drove the US CMBS market in 2025, particularly on New York City collateral as office attendance rose. With interest rates predicted to fall further in 2026, market participants are looking forward to a greater variety of deals on commercial real estate from other cities and sectors, writes Pooja Sarkar
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The troubled Irish CMBS Opera Finance (CMH) is set for enforcement after special servicer Hypothekenbank Frankfurt appointed receivers to carry out a sale of the underlying properties.
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Russia’s Promsvyazbank has closed its first ever securitization of mortgages, providing another sign of the growing asset-backed market in the country.
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Leeds Building Society overcame a difficult market backdrop to price its debut public Albion residential mortgage-backed securities within a price range that was similar to the all-in cost that it would have paid using the U.K.'s Funding for Lending Scheme.
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A $137 million loan originated on a 30-property office portfolio in 2005 has been modified with an A/B hope note structure and had its final maturity pushed out to November 2019.
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Spreads have widened for three consecutive conduit commercial mortgage-backed securities deals, with Deutsche Bank, UBS and Cantor Commercial Real Estate pricing COMM 2012-CCRE9 the $436 million benchmark A-4 class of securities at 128 basis points over swaps, or six wider than the last deal to be completed.
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JPMorgan has priced JPMCC 2013-C10 at a slightly tighter spread than what it had initially pitched to investors, even though at 122 basis points over swaps the super senior AAA rated bonds were two points wider than a deal from Morgan Stanley and Bank of America earlier in the week.
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Rabobank has bolstered its financial markets research team by hiring Ruben van Leeuwen as senior asset-backed securities analyst.
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The search for a solution to the troubled Opera Finance (CMH) commercial mortgage-backed securities took another step towards noteholder stalemate after Kennedy Wilson and Värde Partners, whose joint cash bid for the portfolio was rejected by junior classes last week, bought 25% of the class B notes, putting them in a position to reject noteholder votes for other proposals. -
The search for a solution to the troubled Opera Finance (CMH) CMBS took another step towards noteholder stalemate after Kennedy Wilson and Värde Partners, whose joint cash bid for the portfolio was rejected by junior classes last week, bought 25% of the class ‘B’ notes, putting them in a position to reject noteholder votes for other proposals.
