Latest news
Latest news
Two deals in two months as activity returns for the first time since the Iran war began
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
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Asset-backed and mortgage-backed securities market players are sweating out the ongoing saga of Greece’s debt woes, fearing a ripple effect that could slam the Greek securitization market and spread to other countries.
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The borrower under the Prime Commercial whole loan in German CMBS Talisman Finance is in "advanced stages" of negotiations to refinance the loan, which matured without repayment on January 15, according to the special servicer Hatfield Philips.
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Banks in Europe are looking to increase their securitization structuring capacity as market spreads tighten and sponsors finally look to arrange deals.
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Standard & Poor’s has placed German CMBS Fleet Street Finance 2 on CreditWatch Negative ahead of a shareholder vote later this month on a restructuring plan.
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Servicer Eurohypo has entered into a standstill agreement with the borrower and mezzanine lenders in Dutch CMBS Opera Finance (Uni-Invest), whose underlying loan came due on Thursday.
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Dutch property firm Uni-Invest, the borrower behind the €1.01 billion ($1.39 billion) Opera Finance (Uni-Invest) Dutch commercial mortgage securitization, has entered into an agreement to stave off a fire sale of the deal’s underlying collateral.
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Matthew Bailey, London-based director of securitized principal finance at Commerzbank, has left the firm to join HSBC.
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Global Tower Partners is issuing $250 million in five-year commercial mortgage backed securities.
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Fleet Street Finance Two, a €1.912 billion ($2.61 billion) commercial mortgage securitization of German shopping centres, could have its legal final maturity extended three years if restructuring plans go ahead, a first for Europe.