Latest CMBS news

  • New York Fed winds down last of Bear Stearns’ bond portfolio

    The Federal Reserve Bank of New York said on Tuesday it had completed the sale of the remaining securities in the $30bn Maiden Lane LLC portfolio of mortgage securities it bought to facilitate JP Morgan’s acquisition of Bear Stearns in March 2008.

    • 18 Sep 2018
  • Second largest CMBS conduit deal of 2018 hits market

    One of the biggest conduit deals of 2018 is in the market this week, backed by around $1.6bn of retail and office properties across the US, according to term sheets seen by GlobalCapital.

    • 13 Sep 2018
  • Greystone markets CRE CLO with sole exposure to healthcare

    Greystone Health has come to market this week with Greystone CRE 2018-HC1, a commercial real estate CLO backed by a $249.2m portfolio of loans on healthcare assets, including transitional loans for independent living facilities, assisted living facilities and skilled nursing facilities.

    • 11 Sep 2018
  • Fannie issues breakout multifamily credit insurance risk deal

    Fannie Mae has issued a credit insurance risk transfer (CIRT) deal tied to an $11bn pool of multifamily loans, kicking off what the government-sponsored enterprise says will be a regular issuance program going forward.

    • 06 Sep 2018
  • Deal flow picks up as SLABS, RMBS deals enter pipeline

    Deal flow is picking up across US structured products midweek, with investors offered a smattering of securitized assets including a Sallie Mae private student loan deal and a non-agency RMBS offering from Flagstar.

    • 05 Sep 2018
  • Kalahari adventures back into CMBS markets

    According to regulatory filings with the SEC, JPMorgan plans to securitize a loan to Midwestern indoor waterpark operator Kalahari Resorts in SLIDE 2018-FUN, a single asset-single borrower CMBS deal backed by a three year loan that will help expand its recreational compound in Pocono Manor, Pennsylvania.

    • 29 Aug 2018
  • CMBS struggles with dearth of triple-A buyers

    Flanked by mounting competition from other sources of funding and a growing preference from investors for short dated securities, the top of the of CMBS capital stack is struggling to generate demand.

    • 24 Aug 2018
  • Returns on European CRE outpacing US equivalents, says Green Street

    European commercial real estate is posting strong returns, said Green Street Advisors in a note this week, with the real estate research and data company eyeing greater upside in European property markets compared to US counterparts.

    • 23 Aug 2018
  • UK RMBS jump starts new issue pipeline

    Sole arranger Santander is out with an RMBS deal from its Holmes master trust, with two dollar tranches available as the bank hopes to tap strong US demand and further diversify its investor base.

    • 21 Aug 2018
  • CMBX widens as retailers report dismal earnings

    CMBX spreads widened over the past week on the back of negative retail headlines from retailers such as JCPenney and Macy’s, marking the latest turn of the screw in what some have called this credit cycle’s Big Short.

    • 20 Aug 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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 90,620.08 256 11.30%
2 Bank of America Merrill Lynch 77,027.41 213 9.60%
3 JPMorgan 67,464.46 192 8.41%
4 Wells Fargo Securities 67,146.17 186 8.37%
5 Credit Suisse 52,389.21 132 6.53%