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CMBS

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  • Freddie Mac announced on Thursday that its first issuance of securities backed by a 10-year floating rate multifamily loan had been priced, but some observers say more is needed.
  • The market for European CMBS, after years of muted activity, looks like it may have hit a turning point in its convalescence, according to rating agency DBRS.
  • Bank of America Merrill Lynch announced it has launched a €445m commercial mortgage-backed securities deal backed by a loan on The Squaire at Frankfurt airport.
  • Royal Bank of Scotland is marketing a UK CMBS, Antares 2015-1, to finance the old Fordgate Commercial Securitisation 1 portfolio, bought out of liquidation by private equity firm Kennedy Wilson last year.
  • A former Anglo Irish Bank property investment banker has joined mortgage servicer Pepper UK to help expand its commercial real estate (CRE) servicing business.
  • A senior salesperson for high yield bonds, leveraged loans and distressed credit has left Citigroup to join Credit Suisse.
  • Patch of Land, an online real estate lending platform, hopes to see the first third-party securitization of its loans within the next two quarters, its CEO told GlobalCapital.
  • RBS is marketing a UK CMBS, Antares 2015-1, to finance the old Fordgate Commercial Securitisation 1 portfolio, bought out of liquidation by private equity firm Kennedy Wilson last year.
  • Deutsche Bank has issued initial price thoughts on Deco-2015 Harp, which will be the first Irish CMBS priced since the financial crisis.