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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Wells Fargo and the Royal Bank of Scotland priced their $1.4 billion WFRBS 2011-C3, generally in line with expectations.
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The average loss severity rate for U.S. commercial mortgage-backed securities dropped below 40% in the first three months of the year after five consecutive quarters at 50% or higher, according to Standard & Poor’s.
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A dozen European commercial mortgage-backed securities became delinquent in April, the highest monthly number since Standard & Poor’s began keeping records of the activity in 2008.
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Italian lender Banca Popolare di Puglia e Basilicata is preparing to come to market with Media Finance 4, a previously retained €423 million ($691.6 million) residential mortgage-backed securitization.
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UBS has tapped CB Richard Ellis to search for 750,000 square feet of office space in Manhattan, a move officials at the bank said could include relocating the bank’s securitization, larger fixed-income platform and equities teams out of its existing base in Stamford, Conn.
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Sorin Capital Management is restructuring a 2006-vintage collateralized debt obligation, Sorin Real Estate CDO III.
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New York Attorney General Eric Schneiderman’s recently expanded probe into mortgage securitization could end up hurting bondholders if principal reductions are part of its resolution, investors say.
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Talk of two more commercial mortgage-backed deals in Europe has surfaced, indicating the region’s stalled CMBS sector is fighting to re-emerge.
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NIBC is keeping securitization in its future funding arsenal, but it is plotting a temperate role in the market.