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CMBS

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  • Sabal Financial, a Newport Beach Calif.-based commercial real estate investment and advisory firm, is building out a special servicing platform targeting distressed legacy mortgages, according to sister publication Real Estate Finance Intelligence.
  • Europe’s securitization market has seen an uptick in bids-wanted-in-competition (BWIC) lists this month.
  • CBRE Servicing, the special servicer of the single loan securitized in Barclays’ Gemini (Eclipse 2006-3) U.K. commercial mortgage-backed deal, is to hold informal talks with all noteholders next week to plot out a future strategy after the loan was enforced earlier this month.
  • The sale of Gagfah’s Woba Dresden subsidiary is drawing closer, boding well for the CMBS market, which could soon see a new transaction from Deutsche Bank.
  • The sale of GAGFAH’s Woba Dresden subsidiary is drawing close, boding well for the CMBS market, which could soon see a new transaction from Deutsche Bank.
  • Mortgage lender WCS Lending has scooped up Lisa Taylor, former coo at MortgageIT.
  • Residential mortgage-backed securities guaranteed by government-sponsored agencies Fannie Mae, Freddie Mac and Ginnie Mae fell to $5.24 trillion in July.
  • The U.S. Securities and Exchange Commission has come to a $6.5 million settlement with Wells Fargo.
  • The stalled BHP loan, securitized in Credit Suisse’s Cornerstone Titan 2007-1 commercial mortgage-backed trade, has been granted a further extension to its standstill agreement, while another loan in the deal, Koblenz/Pforzheim, is set for a portfolio disposal.