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
More articles
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New provisions in J.P. Morgan Chase's $500 million securitization with Inland Western Retail Real Estate Trust are paving the way for investors to jump back into the commercial mortgage-backed securities market by raising the bar on new issuance.
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Senior investors in the £1.15 billion ($1.90 billion) White Tower 2006-3 are set to pass an amendment to the commercial mortgage-backed securities’ documents governing the order of payments that could save the class from an a technical event of default.
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Nomura Securities International has hired Ohmsatya Ravi, head of mortgage-backed securities research at Bank of America Merrill Lynch, to head its securitized products research group.
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Price talk on the two tranches of AAA-rated bonds from J.P. Morgan Chase’s $500 million commercial mortgage backed securitization with Inland Western Retail Real Estate Trust are around swaps plus 150 to 165 basis points for the $58 million A-1 portion and 205 to 220 basis points for the $330 million A-2 tranche, reflecting significantly tight pricing.
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Windermere XII, issuer of €1.5 billion ($2.16 billion) commercial mortgage-backed securities, wants permission from noteholders to again challenge the French Commercial Tribunal.
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A mezzanine debt buyer has scooped up a majority of the $47 million BBB-rated portion of Fortress Investment Group’s $460 million commercial mortgage-backed securitization through Bank of America.
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Sarah Smith, former London-based head of international finance at Sidley & Austin, has been made a partner at law firm Bingham McCutchen.
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Standard & Poor’s has downgraded all the subordinated notes issued out of the “socialist” funding vehicle of Northern Rock’s Granite mortgage master trust. The agency affirmed all the senior tranches of Granite at triple-A and also affirmed the subordinated notes issued via the “capitalist” Funding vehicle.
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A clean-up sale for Victoria Finance, one of the last of the independent structured investment vehicles, will take place tomorrow.