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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Delinquencies in loans in U.S. commercial mortgage-backed securities slip 0.04 of a percentage in May to 9.18%, according to Moody’s Investors Service.
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A recent New York Supreme Court decision calls into question how mortgages are transferred and reported in securitizations and could have sweeping implications for mortgage foreclosure timelines, according to lawyers and market players.
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U.K.-based commercial property manager MEPC is set to prepay another chunk of the £470 million ($759.9 million) loan securitized in the U.K. commercial mortgage-backed deal, Opera Finance (MEPC), next month.
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CapitaLand’s $645 million refinancing of a commercial mortgage-backed securitization of Singapore property priced this week.
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The National Credit Union Administration said it has completed its sale of legacy collateral it took on during the crash and isn’t planning anymore future sales, dashing banks’ hopes that there might be another $15 billion of legacy securitizations waiting on the administration’s balance sheet.
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Lone Star Funds, a New York-based investment firm that purchases distressed debt and equity, has issued the first seasoned commercial mortgage-backed securities deal since the downturn.
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Northern Rock’s newly rebooted securitization program is not expected to be affected by the planned reprivatization of the government-owned bank, according to London-based market professionals.
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Paragon Mortgage will issue a new securitization of U.K. buy-to-let residential mortgages during the third quarter, likely sized at around £200 million ($322 million), John Harvey, head of structured finance, confirmed to TS.
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Credit Suisse is aiming for the next batch of National Credit Union Administration’s re-securitized legacy bonds, looking to compete with Barclays Capital for the rights to structure and market the $15 billion portfolio, according to an official close to the issue.