CMBS bankers wait for QE boost as second Italian deal nears

BAML 230x150
By Tom Porter
27 Jan 2015

Bank of America Merrill Lynch has issued price guidance on its private equity sponsored Taurus CMBS, which will be the second transaction backed by Italian assets already this year. Bankers expect tightening yields on more mainstream products will have a positive impact on the CMBS market in the coming months.

The €286.425m Taurus 2015-1 IT transaction securitizes three commercial real estate loans totalling €301.5m made to each of private equity firms Cerberus, Blackstone and Orion. BAML will retain €15m of the structure for risk retention purposes.

The loans are backed by fourteen properties in northern Italy. Cerberus’ Calvino ...

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