Times Square billboards included in latest US CMBS

A new single asset CMBS deal from Natixis is backed by cashflows from a mixed use development in Manhattan’s Times Square that includes LED signage, partly unoccupied retail space and a Marriott hotel that is not slated to open until the summer of 2018.

  • By David Bell
  • 08 May 2018

The $600m deal, 20 Times Square Trust 2018-20TS, is backed by a portion of a $750m mortgage loan secured on a development under construction at 20 Times Square that is owned by Maefield Development.

The remaining $150m of senior pari passu debt will be financed in future securitizations, according ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Wells Fargo Securities 1,276.60 4 13.30%
2 RBC Capital Markets 801.51 2 8.35%
3 China Merchants Securities Co Ltd 788.68 2 8.21%
4 Citi 783.55 4 8.16%
5 Everbright Securities Co Ltd 708.94 1 7.38%