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 investors and issuers descended on New York City this week for the annual Commercial Real Estate Finance Council (CREFC) summer conference, with attendees saying that the market has come to terms with its regulatory fate, even if it is unclear how it will handle the new rules once implementation comes down in December.
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Panellists on the ABS researchers roundtable at Global ABS in Barcelona on Wednesday cited challenges in CMBS and Dutch RMBS issuance, with many maintaining a neutral to bearish outlook on European ABS this year.
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Wells Fargo is preparing to issue the first ever US risk retention compliant commercial mortgage-backed securities (CMBS) deal in July, with market participants looking at the transaction to answer some pivotal questions for an industry that has been stumbling toward the rule’s December implementation date. -
A trio of CMBS conduit deals were priced this week, with investors saying that low levels of new supply combined with the anticipation of a summer slowdown has caused spreads to tighten in to the lowest levels in nearly a year.
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Bank of America Merrill Lynch’s latest Taurus transaction showed that successful CMBS execution is still possible in the European market, despite minimal issuance and tricky economics in the asset class.
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Issuers are lining up two new deals in the European primary ABS market this week, with investors set to get a rare exposure to credit card ABS and CMBS paper.
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The much talked about CMBS maturity wave is set to roll in starting in the second half of this year, with more loans coming due per month than the market is currently producing in new origination volume. Yet, Moody’s Investors Service is confident that most loans will be refinanced one way or another.
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JP Morgan and Deutsche Bank priced an $893m conduit CMBS transaction on Thursday at 117bp over swaps for the benchmark triple-A class, the tightest level for a deal so far in 2016.
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CMBS special purpose vehicle White Tower 2006-3 has dropped its UK High Court case against real estate company Colliers International over the valuation of the property portfolio that backed the £1.15bn securitization.
