Latest news
Latest news
Deal backed by renovated center in Kansas City would be widest so far at that level
Last week EQT priced $985m of industrial paper to fund an acquisition
UK bank is selling a $548.27m issue
More articles
-
Demand held steady for December's subscription period for the New York Federal Reserve's TALF program, with investors requesting $1.3 billion in loans to buy legacy commercial mortgage-backed securities.
-
Corporate revolver covenants are holding up Developers Diversified Realty's second commercial mortgage backed securitization, with the Beachwood, Ohio-based real estate investment trust reportedly needing a waiver from its primary lenders before it has access to any more secured debt.
-
Noteholders of the €1.5 billion ($1.67 billion) Windermere XII commercial mortgage-backed securities have voted to appeal a decision by the French Commercial Tribunal, which has placed insolvency proceedings in the hands of the borrowers and the owners of the properties backing the deal.
-
Markit plans to launch an evaluative pricing service for nonagency collateralized mortgage obligations in the first or second quarter.
-
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.
-
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.
-
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.
-
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.
-
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.