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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This Q&A originally ran in Tuesday's print issue of the ABS East conference in Miami Beach, Fla.
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Fleet Street Finance 2’s restructuring has finally crossed the finishing line after appeals against sole tenant Karstadt’s insolvency plan were withdrawn. The retail giant emerged from insolvency on September 30 after a court order allowed the company’s shares to be transferred to Berggruen Holdings.
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Fundamental differences between standard commercial mortgage-backed securities pooling and servicing agreements (PSAs) and the U.S. bankruptcy process could be a significant issue in future workouts.
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The commercial mortgage-backed securities market is pushing through significant regulatory and economic headwinds at a better pace than most predicted a year ago, according to industry players.
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Nearly half of the collateral underlying J.P. Morgan’s upcoming $1.1 billion commercial mortgage-backed securities deal may be resecuritizations of loans from older vintage deals, according to Barclays Capital analysts Julia Tcherkassova and Keerthi Rhagavan.
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Even 2007-vintage AM commercial mortgage-backed securities are seeing prices bid up as investors chase yield in a yield-suppressed environment.
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Karen Weaver, formerly the New York-based head of securitization research at Deutsche Bank, has moved to investment management firm Seer Capital Management.
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Royal Bank of Scotland priced a £72m tap of funeral home operator Dignity’s 2003 whole business securitisation, the first non-utility whole business issuance since the credit crisis.
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Securitization lawyers in London say multi-borrower commercial mortgage securitizations are unlikely to be restructured any time soon, despite the recent raft of European CMBS restructuring of deals involving single borrowers.