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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Robert Plehn, head of structured securitization at Lloyds Banking Group in London, says offering asset backed-securities in currencies other than sterling, dollars and euros is one way to attract new investors back to the European market over the next 12 months. -
The firm advising an ad hoc committee of bondholders in the Plantation Place REC 5 CMBS, which has breached loan-to-value covenants, on Friday suggested that they reject the issuer’s restructuring plans and instead proposed another scheme.
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Credit Suisse is close to re-launching its commercial mortgage-backed securities origination business while Nomura Securities is considering a similar move.
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Issuance of National Credit Union Administration notes will continue to depress spreads on agency residential mortgage-backed securities, but collateralized loan obligations and commercial mortgage-backed securities provide bright spots for traders, Scott Eichel and David Cannon, global co-heads of mortgage and asset-backed trading at the Royal Bank of Scotland, said in a recent interview with TS Senior Reporter Daniel O'Leary.
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Proposals issued Thursday by the European Central Bank to introduce loan-by-loan information requirements for securitizations will be welcomed by investors.
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Barclays Capital is preparing the first commercial mortgage-backed securities index to launch since the market’s reboot.
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Noel Smyth, the property developer behind troubled CMBS REC 6, caused "fireworks" in a bondholder meeting this week. Smyth disputed figures provided by independent real estate advisor CB Richard Ellis, which said that £41m of capital expenditure would be required by the properties backing the REC 6 CMBS. He claimed a lower figure, including a rent-free period to deal with some leases on the properties which are due to run off.
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The Fleet Street Finance One CMBS could be enforced in the new year, as scarce real estate credit means the sole asset in the transaction is struggling to refinance, despite healthy cashflows and a low leverage.
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GS Mortgage Securities Trust 2010-C2, the $876.5 million commercial mortgage-backed securities deal launched last week by Goldman Sachs and Citigroup, has priced, with the senior bonds coming in slightly wider than initial guidance.
