Latest CMBS news

  • CMBS industry eyes rough road ahead in 2019

    While capital markets recover from November and December’s year-end volatility and investors are learning to look on the bright side again, commercial real estate financiers meeting at the annual CREFC conference in Miami this week were dealing with the difficult reality of a potentially overvalued market and more competition to close deals.

    • 15 Jan 2019
  • CMBS market skittish heading into Miami confab

    The US commercial mortgage-backed security (CMBS) market is moving cautiously into 2019, and fears of widening spreads and shrinking market share compared to other forms of real estate debt capital are sure to be on the minds of attendees at the annual CRE Finance Council (CREFC) industry event in Miami next week.

    • 09 Jan 2019
  • Securitization runs hard to keep up with the US consumer

    Consumer spending habits have changed beyond recognition since the financial crisis 10 years ago. US households are more wary of debt and are turning away from many of the traditional avenues of spending that have driven ABS markets for decades. While the market has come back since the depths of the crisis, securitization in 2019 is a different beast.

    • 18 Dec 2018
  • Securitization, from high finance to the high street

    Securitization markets involve some of the most esoteric, obscure parts of investment banking. Traders and bankers rarely court publicity, while deals are placed to a specialist subset of the fixed income buy-side. Yet, 10 years after the financial crisis, securitization affects almost every part the real economy.

    • 18 Dec 2018
  • White House promotes opportunity zones as financing lines up

    Momentum behind opportunity zones — geographic designations meant to draw in real estate investors through tax breaks — is building after the White House announced on Wednesday that it was establishing an Opportunity and Revitalization Council to foster public investments in qualified opportunity zones.

    • 13 Dec 2018
  • BAML prices Taurus European CMBS deal

    After snapping up around €100bn of ABS this year, investors are preparing to shut their books in the run up to year end. The last remaining CMBS deal in the pipeline — Taurus 2018-3 DEU from Bank of America Merrill Lynch — was priced on Wednesday with senior tranche demand just over the threshold and junior spreads offered at wider levels compared with initial price talk.

    • 12 Dec 2018
  • Sofr comes down from all-time highs

    The Secured Overnight Financing Rate (Sofr), the chosen alternative to dollar Libor rates, has shown more volatility, spiking to an all-time high toward the end of last week before moving back down this week.

    • 11 Dec 2018
  • Kroll rates first European CMBS transaction

    Salus European Loan Conduit No. 33 DAC, a £367m single asset CMBS, was priced last Friday with marks from Kroll Bond Rating Agency. It is the first European CMBS deal to be rated by the agency since it opened its European operation in 2017.

    • 10 Dec 2018
  • Retail woes drive downgrades of 2014 CMBS

    Fitch Ratings announced on Thursday that it has downgraded four classes of a conduit CMBS deal issued in 2014, with the move driven primarily by troubles at a mall in Pennsylvania that backs one of the loans in the deal.

    • 06 Dec 2018
  • Starwood hires Deutsche's ex-head of structured credit

    Starwood Capital Group announced on Wednesday that Armin Rothauser will be joining the firm in January to lead Starwood’s newest lending group in transportation, infrastructure and energy.

    • 05 Dec 2018

CMBS news archive

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 17.08%
2 RBC Capital Markets 801.51 2 10.72%
3 Citi 783.55 4 10.48%
4 Credit Suisse 534.82 2 7.16%
5 SG Corporate & Investment Banking 497.64 2 6.66%