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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A legal decision was reached last week in a dispute between bondholders in the Gemini UK CMBS deal, with senior noteholders set to benefit from the outcome. But the legal headache is set to continue.
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Hedge fund TIG Advisors is looking to raise $75m from investors in a joint venture with Amherst Securities to acquire a portfolio of single family rental properties. -
Issuers this week are in the market with approximately $4bn in conduit, single borrower and CRE CLO CMBS offerings, as investors eye the month ahead with some caution after a difficult September.
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CW Capital Asset Management is in the market with a $2.1bn portfolio of distressed assets, that, once offloaded, will significantly shrink the balance of its specially serviced loan book.
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Crowdfunding, a hot topic in the ABS markets recently, looks like it may have been the cause of a headache for CMBS investors this month, as a loan was transferred to special servicing potentially as the result of crowd financing on the assets.
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Investors pushed back this week against the largest loan in COMM 2015-CCRE26, forcing lead issuers Deutsche Bank and Cantor Commercial Real Estate to widen spreads twice from guidance before being able to price the deal on Wednesday.
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A long awaited multi-jurisdictional CMBS from Bank of America Merrill Lynch was priced in line with expectations on Wednesday but perception of the deal's success was mixed.
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The single family rental arms of Colony Capital and Starwood Capital Group announced on Monday plans to merge in a stock-for-stock transaction that will bring over 30,000 homes under the group’s collective management.
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Financial crisis hindsight has been a favorite topic of discussion at ABS industry events since, well, the financial crisis. “Where did we go wrong?”, “How could we have known?”, “The market had never seen a widespread default in etc. etc.”
