Latest news
Latest news
New deal types offer lower funding costs for property owners
Issuer's £280m deal was cleverly marketed
More articles
-
U.K. retail heavyweight Tesco is marketing its second securitization of the year, a £559.1 million ($918.22 million) deal backed by rental income from 17 of its commercial properties.
-
Royal Bank of Scotland’s reported plans to sell off £33 billion ($54.24 billion) of European and U.S. commercial property exposure could negatively affect the European commercial mortgage-backed securities and commercial property lending markets.
-
Her Majesty’s Revenue and Customs is looking for its £4.77 million ($7.86 million) cut of the £1.15 billion ($2.47 billion) White Tower 2006-03 securitization of commercial mortgages.
-
Master servicers on commercial mortgage-backed securities deals are seeing a steady increase in voluntary defaults.
-
Windermere XII, issuer of €1.5 billion ($2.16 billion) of commercial mortgage-backed securities, is likely to appeal last week’s decision by the French Commercial Tribunal, which found in favor of the property owners.
-
Managers of REC Retail Parks, the issuer of the Real Estate Capital No.4 commercial mortgage-backed securities, are attempting another restructuring of two of the deal’s three tranches.
-
The beleaguered White Tower 2006-3 CMBS took another blow this week when the UK taxman served winding up petitions on seven of the ten borrower companies over a £4.8m tax bill.
-
Bondholders in Windermere XII, the Lehman sponsored CMBS backed by the Coeur Défense office building in Paris, suffered a severe setback this week when a French bankruptcy court extended the borrower’s sauvegarde protection against enforcement for five years.
-
The French Commercial Tribunal in Paris has ruled in favour of the owners of the property backing €1.5 billion ($2.16 billion) Windermere XII commercial mortgage-backed securities deal.