New name makes debut in conduit CMBS market
Commercial real estate finance firm Sabal Capital Partners came to the market this week with its first conduit CMBS transaction, a debut in a market dominated by the largest US and European banks.
Sabal’s deal, SBALR 2020-RR1, is a $400.1m multi-borrower commercial mortgage bond rated by Moody’s and DBRS Morningstar. It is backed by a pool of 59 fixed rate loans on 91 commercial properties, according to Moody’s.Initial price thoughts circulated on Wednesday pegged the largest, triple-A rated ...
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