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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Noteholders of the £750.05 million ($1.09 billion) CPUK Mortgage Finance commercial mortgage securitization could be in for a double payment if a sale of the property backing the deal goes ahead.
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Delinquencies on loans backing commercial mortgage-backed securities climbed 40 basis points in May, rising from 8.02% in April, according to data from Trepp.
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Howard Esaki, former London-based head of commercial mortgage-backed securities research at Morgan Stanley, has joined Standard & Poor’s New York office as the head of global structured finance research.
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Volatility in the bond market over the past two weeks has caused a big headache for commercial mortgage-backed securities lenders looking to price new loans.
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Control of the troubled Karstadt Quelle CMBS Fleet Street Finance 2 has passed to the class ‘A’ noteholders following a Eu486.5m appraisal reduction. The reduction has wiped out all subordinated classes for the purposes of voting and enforcement rights and trustee actions. The class ‘A’ note balance is also deemed to be reduced to Eu637.6m for these purposes.
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Odeon Capital has hired Alex Masri to sell and trade structured products.
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Martin Egan, London-based global head of primary markets and securitization at BNP Paribas, has been appointed global head of primary markets and origination.
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European investors are finding relative value in mezzanine tranches of commercial mortgage-backed securities with high quality London properties as collateral.
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The U.S. Securities and Exchange Commission has given European issuers a six-month reprieve to comply with new rules designed to inject transparency into the market.