Latest news
Latest news
Participants see issuance pace of RMBS and CMBS to persist as spreads grind in despite macro risks
Deal priced at tight end of initial pricing
Investors offered both five and 10 year conduit paper
More articles
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US based credit manager CIFC has hired four executives from leveraged credit firm Logen Asset Management to expand the firm’s distressed debt offering. -
Private label CMBS bonds are markedly outperforming comparable securities in both the agency sector and in corporate debt, with the spread tightening moving levels to those not seen since the financial crisis and boosting returns.
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Darrell Wheeler, a nearly 30-year veteran of the commercial real estate and CMBS market, has landed a role at Cantor Commercial Real Estate leading the firm’s first foray into CMBS research and strategy.
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Two political initiatives in the US have raised the prospect of public subsidies for low-income housing and rent controls, a move that real estate investment trusts are keen to resist.
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The Federal Reserve Bank of New York said on Tuesday it had completed the sale of the remaining securities in the $30bn Maiden Lane LLC portfolio of mortgage securities it bought to facilitate JP Morgan’s acquisition of Bear Stearns in March 2008.
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One of the biggest conduit deals of 2018 is in the market this week, backed by around $1.6bn of retail and office properties across the US, according to term sheets seen by GlobalCapital.
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Greystone Health has come to market this week with Greystone CRE 2018-HC1, a commercial real estate CLO backed by a $249.2m portfolio of loans on healthcare assets, including transitional loans for independent living facilities, assisted living facilities and skilled nursing facilities.
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Fannie Mae has issued a credit insurance risk transfer (CIRT) deal tied to an $11bn pool of multifamily loans, kicking off what the government-sponsored enterprise says will be a regular issuance program going forward.
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Deal flow is picking up across US structured products midweek, with investors offered a smattering of securitized assets including a Sallie Mae private student loan deal and a non-agency RMBS offering from Flagstar.
