Latest news
Latest news
Deal refinances three banks' loans for $1.3bn acquisition
Barclays is holding the risk retention for the deal
Deal includes $760m of triple-A notes guided at 105bp
More articles
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The skies were grey over the annual CREFC industry event in Miami Beach this week, matching the mood of CMBS market players who agreed that the good times of the past four years were behind them and that they should brace for a tumultuous 2016. -
Varde has mandated leads for a secondary placement of its £184.6m ($265.96m) MagniFinance CMBS transaction, which the issuer retained in December last year.
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HIG Capital has hired Graham Emmett as managing director in the real estate team as the firm looks to grow its activities in the European real estate structured finance market.
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CMBS deals issued since the crisis have outperformed earlier pre-crisis deals, according to Fitch Ratings, despite widespread concern that underwriting is deteriorating across newer vintages.
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CMBS deals issued since the crisis have outperformed earlier pre-crisis deals, according to Fitch Ratings, despite widespread concern that underwriting is deteriorating across newer vintages.
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Issuers are wasting no time in January, with Cantor Commercial Real Estate announcing a $703.6m conduit deal on Monday to kick off the 2016 new issue pipeline.
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After five years of steady improvement, the CMBS sector in 2016 is staring down more uncertainty than at any point since the financial crisis. Once a vague threat in the distant future, new regulation will become reality. This, coupled with Fed liftoff and ever increasing liquidity constraints will put pressure on CMBS spreads, which are already wide. Can the market find a reason to hope? Max Adams finds out.
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CMBS investors next month will flock to Miami for the annual CREFC meeting, where they will look to get a read on three key issues that face the market in 2016 – implementation of risk retention, secondary market liquidity and new issuance volume.
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Issuers on Thursday priced RAIT 2015-FL5, a $347.4m commercial real estate (CRE) CLO, selling the senior class of bonds at 210bp over one month Libor.
