Latest news
Latest news
US market remains the model as template issuance takes shape
Deal is backed by three data centers in Virginia, Illinois and Atlanta
Tightest CMBS print in nearly a year ahead of Yondr data centre ABS debut
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Crédit Agricole and Deutsche Bank postponed Westfield's £750m CMBS this week, claiming some investors were concerned with a lack of risk retention in the deal’s structure. But market participants scoffed at the suggestion and said the pricing was aggressive and the timing poor, suggesting the leads were simply scared of not getting the deal away.
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Hatfield Philips has completed a restructuring of the €225m Apple Whole Loan in the Talisman 6 Finance PLC CMBS, after the parent companies of the loan’s recipient companies agreed to have their shareholdings transferred to two holding companies. -
Crédit Agricole and Deutsche Bank have postponed the Westfield Stratford CMBS after a number of investors grew jittery over the banks’ interpretation of European risk retention rules, under which they decided neither they nor the sponsors would take a 5% stake in the £750m deal.
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Lead managers Crédit Agricole and Deutsche Bank have revised price guidance on their £750m Westfield Stratford City Finance CMBS, focusing investors on the upper end of initial price thoughts.
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Bayview Financial is foregoing the ratings process on a securitization of once defaulted mortgages (RPL for reperforming loans) after a ratings disagreement in May scuppered an attempted transaction.
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Hatfield Philips has invited noteholders to a special update call on its strategy for servicing Deco 15 Pan Europe 6, as it tries to consolidate its hold on the servicing mandates in the CMBS. Cheyne Capital had tried to remove it from the Main loan and Plus Retail loan at the end of May.
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Crédit Agricole and Deutsche Bank are marketing a single tranche CMBS transaction backed by the Westfield Stratford shopping centre in East London, which will be more than twice the size of the next biggest European deal this year.
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Commercial real estate loan servicing firm Hatfield Philips has plundered two commercial real estate professionals from banks to head up its newly launched debt advisory team and its marketing team.
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Goldman Sachs’s Moda CMBS became the latest European commercial property backed transaction to draw a heavy oversubscription this week, but CMBS structurers’ optimism is being tempered by the difficulty of finding appropriate assets for a more homogenised post-crisis market.
