White Tower CMBS Faces Class E Default
Société Générale’s White Tower 2006-3 commercial mortgage-backed trade—which last summer became the first European CMBS deal to see its underlying loan successfully worked out—still faces a looming default in its remaining class E notes following payment shortfalls earlier this month.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast