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  • Red Stone Partners, a New York-based real estate investment company, has launched a $250 million investment fund to acquire fixed-rate, tax-exempt multifamily housing bonds.
  • Pontormo Mortgages, an Italian special purpose vehicle, has issued €187.9 million ($248.5 million) of class A notes and a €166.6 million ($220.3 million) class B tranche backed with residential and commercial mortgage collateral.
  • Iron Hound Management Company is banking on the coming wave of commercial mortgage-backed securities maturities to fuel its fledgling loan modification and refinancing platform.
  • The lenders, borrowers and noteholders of the German Titan Europe 2007-2 have agreed to another extension to the standstill agreement until Aug. 9, the third since one of the deal’s loans went in to special servicing.
  • The Securities and Exchange Commission’s proposed new regulations for the U.S. structured finance market will severely disadvantage European and global deals, according to market officials.
  • The $788 million commercial mortgage-backed securities deal launched last week by a partnership between Citigroup, Goldman Sachs and Starwood Property Group is seeing strong demand from investors, who expect the offering to be priced well within price talk.
  • New York based-KGS-Alpha Capital Markets has launched a fixed-income trading desk that will focus on residential and commercial mortgage-backed securities.
  • Marco Angheben, London-based director at the Association for Financial Markets in Europe/ European Securitization Forum, has left the organization.
  • Europe’s banks using asset-backed securities as collateral for the European Central Bank’s repurchase agreement could be left with a €50 billion ($65.83 billion) liquidity gap when the central bank institutes its revised haircuts, according to researchers.