Latest news
Latest news
UBS headquarters among deals in enthusiastic SASB market
Participants expect asset class to stay well bid though some are cautious sentiment could easily change
Bank's fourth five-year conduit CMBS of 2025 was oversubscribed even as it tightened from IPTs
More articles
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US CMBS issuers are prepping five deals totalling about $4.4bn this week, as the market ploughs on despite looming uncertainty over the way sponsors deal with risk retention rules. -
Losses on liquidated CMBS loans ticked up higher during the second quarter of the year, with retail properties showing the worst loss severities among the major property types.
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A pair of single borrower deals surfaced in the CMBS market this week as investors prepare for a rush of issuance in September following the Labor Day holiday.
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A new $2.1bn single borrower CMBS deal, backed partly by Texas motel properties affected by Hurricane Harvey, is being lined up for sale.
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An influx of cash from alternative lenders and foreign capital has helped the CMBS market negotiate a wave of maturing pre-crisis CMBS debt, with even weaker loans showing stronger performance in July, according to Morningstar analysts.
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The extent of the damage caused by Hurricane Harvey is not yet known, but on Monday Morgan Stanley analysts highlighted $8.9bn of CMBS loans exposed to the affected Houston area.
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UBS priced a conduit CMBS transaction at the end of last week, as the sector barrels through the tail end of summer into what is predicted to be a very busy quarter end.
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Fitch Ratings put two classes of a 2012 CMBS deal from Deutsche Bank on rating watch negative on Thursday, citing heavy concentration of retail property loans and increased loss expectations for some of the largest loans in the deal.
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A clash over the accounting treatment of risk retention notes has thrown the US CMBS market into flux, with uncertainty over the issue throwing into question the capital treatment and profitability of certain CMBS deals issued since the rule went into effect last year. David Bell reports.
