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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Fitch Ratings has raised its credit enhancements for commercial mortgage-backed securities to reflect increased leverage.
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Diane Rinnovatore has been promoted to co-head of Barclays Capital’s securitized products origination platform along with Cory Wishengrad, according to an internal memo.
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A large loan underpinning Juno (Eclipse 2007-2), an €867.5 million ($1.23 billion) a novel synthetic commercial mortgage-backed securitization rolled out by Barclays Bank in 2007, has suffered an event of default.
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JPMorgan is quoting floating-rate loans for securitization and Deutsche Bank is said to be looking at two floating-rate opportunities as well. There have not been any floating-rate securitizations since the start of the financial crisis in 2007.
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UBS is prepping a small balance commercial mortgage-backed securitization, Velocity Commercial Capital Loan Trust 2011-1, which is expected to roll out in the next couple of weeks, according to a market official.
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Lloyds Banking Group’s Permanent 2011-1 and Obvion’s Storm 2011-III residential mortgage-backed deals both priced this week.
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Henderson Global Investors has been flagging up opportunities in pre-crisis CMBS, pointing to approaching legal finals and deep discounts as buying opportunities. But the fund management house stressed that this was deal-specific, and said that swap breakage costs, and transparency to underlying assets are factors to watch.
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Cantor Commercial Real Estate is shopping CFCRE Commercial Mortgage Trust 2011-C1, its debut commercial mortgage-backed securities deal.
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The report by the Senate Permanent Committee on Investigations on the causes of financial crisis has singled out Deutsche Bank and Goldman Sachs for their subprime-related activities.