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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The potential sale of the largest loan in the £601.1 million ($956.3 million) Triton European Loan Conduit (EloC) 26 U.K. commercial mortgage-backed deal could see the securitized piece being paid off in full.
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Mike Mazzei, one of the founders of the commercial mortgage-backed securities market, has joined New York-based commercial real estate finance company Ladder Capital as president, REFI learned as it was going to press.
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The Immeo Residential Finance No. 2 German multifamily commercial mortgage securitization—one of the largest German CMBS deals of this type—is set to pay off in full on its interest next payment date, according to an announcement by the issuer.
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One of Germany’s largest multifamily housing CMBS deals has been successfully refinanced, allowing full prepayment of the €537.12m of outstanding bonds. The deal offers some hope that other CMBS deals can be similarly refinanced by large bank loans, but many CMBS practitioners believe this type of refinancing will prove to be rare.
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Analysts say that in the latest round of stress tests, the Federal Reserve gave better grades to two banks that received rescue funds through the government’s Troubled Asset Relief Program than they deserved by applying a different loan-loss ratio from the one used on other financial institutions.
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The delinquency rate index for U.S. credit cards fell 7 basis points to a record low 2.86% in February, while the charge-off index held steady from the preceding month, according to Moody’s Investors Service.
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JPMorgan Chase is said to have sold $125 million in commercial mortgage-backed securities linked to Manhattan’s 7 World Trade Center.
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A BWIC (bids wanted in competition) built mostly of bonds from Bradford & Bingley’s U.K. buy-to-let and non-conforming residential mortgage-backed program Aire Valley Master Trust surfaced on Thursday.
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Standard & Poor’s has placed $45.4 billion of commercial real estate collateralized debt obligations and re-REMIC transactions on credit watch with negative implications after completing a review of its ratings methodology, sister publication Real Estate Finance Intelligence reports.