CMBS

  • New name steps into conduit CMBS market

    New name steps into conduit CMBS market

    Commercial real estate finance firm Sabal Capital Partners is in the market this week with its first conduit CMBS transaction, a debut in a market dominated by the largest US and European banks.

  • Goldman preps CMBS to finance Thai conglomerate’s UK hotel buy

    Goldman preps CMBS to finance Thai conglomerate’s UK hotel buy

    Goldman Sachs has announced a deal called Magenta CMBS to finance Thai conglomerate DTGO Corporation’s purchase of 17 regional hotels across the UK from Marathon Asset Management. The deal is the first CMBS linked to Sonia, with the commercial real estate market proving slower than consumer assets classes to switch from Libor.

  • Futura notes a rare chance to buy Italian NPL seniors

    Futura notes a rare chance to buy Italian NPL seniors

    Barclays and JP Morgan were this week marketing the senior notes of Futura 2019 for Guber Banca and Varde at mid-300bps over six month Euribor. The deal gives investors a rare chance to buy publicly syndicated investment grade exposure to Italian non-performing loans.

  • River Green takes ‘first step’ toward greener European SF market

    River Green takes ‘first step’ toward greener European SF market

    The first European CMBS of 2020 was priced well inside initial price thoughts last week but, although the deal was also the first green-marketed CMBS deal in Europe, market participants said it was difficult to tell how much it benefited from its ESG credentials.

  • Deutsche syndicates chunky Cerberus REO financing

    Deutsche syndicates chunky Cerberus REO financing

    Deutsche Bank has syndicated part of the financing for Cerberus’ acquisition of a large pool of real-estate owned properties (REOs) — houses — from Banco de Sabadell late last year, as part of the bank’s disposals of non-core assets.

  • First green CMBS from Goldman gets guidance

    First green CMBS from Goldman gets guidance

    Goldman Sachs released initial price thoughts (IPTs) for its upcoming River Green Finance 2020, the first such green deal in Europe and the first CMBS of the year.

  • Goldman brings first green CMBS deal to Europe

    Goldman brings first green CMBS deal to Europe

    Goldman Sachs is bringing River Green Finance 2020, the first European commercial mortgage-backed security (CMBS) of the year and the first in Europe to be marketed as green.

  • People moves in brief

    People moves in brief

    Funding Circle picks up former securitization syndicator — Campbell moves from HSBC to RBC — Long-time DCM banker turns up at Aramco

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