Morgan Stanley brings UK warehouse CMBS

industry
By Tom Brown
15 May 2019

Morgan Stanley is bringing a £235.1m CMBS to market, securitizing a single loan financing the acquisition of a portfolio of UK warehouse properties by Blackstone.

Seven tranches of European Loan Conduit No. 34 — also called Scorpio — are on offer, including a senior class ‘A1’ tranche with a debt yield of 20.1% and a triple-A rated class ‘RFN’ tranche, both of which have a weighted average life of 4.9 years and ...

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