Latest CMBS news

  • Wall Street largely cautious on opportunity zones

    The hot new item in the world of commercial real estate is the opportunity zone, a geographic designation approved by the US Treasury that will encourage investment in underserved communities through tax incentives.

    • 16 Nov 2018
  • CRE debt market shifts as banks pull back and funds step in

    Commercial real estate financiers at a conference in New York on Thursday discussed the changing nature of their business, which has seen many large banks shun “commoditized” lending for CMBS deals while debt funds use repo and warehouse financing to gobble up a larger slice of US commercial real estate lending.

    • 15 Nov 2018
  • CMBS pay-off rate hits post-crisis high in October

    The percentage of CMBS loans that were paid off at maturity surged in October, according to Trepp, hitting the highest level since the commercial real estate data provider began tracking the figures, in 2008.

    • 13 Nov 2018
  • FHFA issues 2019 agency lending guidance

    The Federal Housing Finance Authority (FHFA) published guidance on multifamily lending caps for Fannie Mae and Freddie Mac on Tuesday, limiting the total amount of loans that they can buy next year to $35bn each.

    • 07 Nov 2018
  • Apollo adds CMBS carveout to LifePoint high yield bonds

    The high yield bonds being issued to support Apollo’s acquisition of hospital group LifePoint Health include carve-outs that allow the private equity firm to pay itself dividends by securitizing LifePoint’s property and equipment without falling foul of additional debt and restricted payments covenants.

    • 07 Nov 2018
  • AXA charges into US commercial real estate debt

    AXA Investment Managers, a unit of the French insurer, has announced that it is acquiring a business line owned by Quadrant Real Estate Advisors and will assume management of $9.4bn of US commercial mortgage loans.

    • 07 Nov 2018
  • Fairhold saga continues with new Court hearing to ‘restrain’ Clifden

    Attempts to divert the assets of distressed UK CMBS Fairhold to an affiliate of hedge fund Clifden IOM looked to be over in August when the issuer and note trustee Global Loan Agency Services (GLAS) convinced a judge that Clifden’s actions amounted to an ‘unprincipled asset grab’. But Clifden’s behaviour since that ruling has prompted yet another court hearing.

    • 07 Nov 2018
  • Morgan Stanley preps Dutch conduit CMBS

    Morgan Stanley announced a Dutch conduit CMBS, Oranje (ELoC 32), on Thursday.

    • 01 Nov 2018
  • LaSalle acquires bridge lender Latitude

    LaSalle Investment Management announced on Thursday that it had entered into an agreement to make a majority acquisition of Latitude Management Real Estate Investors, which it valued to be worth $1.2bn.

    • 01 Nov 2018
  • Still no solution for legacy Libor debt as SOFR momentum builds

    After years of work and numerous consultations, US regulators are still grappling with guidance for new floating rate note (FRN) contracts and the problem of how to fairly reset existing financial agreements that use Libor as a reference rate.

    • 31 Oct 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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,520.50 339 11.05%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%