Latest news
Latest news
TwentyFour priced its Dutch prime RMBS refi, Blackstone its sterling logistics CMBS
Blackstone is aiming to execute its CMBS before the market shuts for Global ABS
Second large office CMBS in quick succession after The Soloviev Group sold a $1.7bn New York office CMBS last week
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Bank of America Merrill Lynch priced Taurus UK CMBS 2014-1 on Wednesday, demonstrating through a book in which every tranche was more than three times covered that investors were willing to overlook the secondary quality of the portfolio in exchange for a chance to pick up some yield.
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NewOak Advisors has hired a former commercial real estate and structured credit analyst at Standard & Poor’s as a managing director in its Credit Services group. The new hire will help NewOak build up its collateral validation, servicer oversight and other credit management functions.
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Bank of America Merrill Lynch priced Taurus UK CMBS 2014-1 on Wednesday, as Deutsche Bank sent out IPTs on Deco 2014 Gondola, the first European multi-loan CMBS since the crisis. -
Bondholders in Canary Wharf’s securitization financing are facing a fight over whether they will get an extra £170m payout following the sale of 10 Upper Bank Street, Clifford Chance’s London headquarters.
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Bank of America Merrill Lynch has set out initial pricing thoughts on Taurus CMBS UK 2014-1, the capital markets exit for the financing on Apollo’s purchase and liquidation of a distressed UK retail portfolio.
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Deutsche Bank has begun marketing the first public multi-loan CMBS transaction since 2007 as spreads in the asset class hit post-crisis tights. More European CMBS is in the pipeline but some bankers warn a revival could be curtailed by an aggressive loan market.
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A war of words between CMBS special servicers Mount Street and its larger rival, Hatfield Philips International, broke out this week, in a fight that illustrates just how challenging it is for CMBS investors to exercise their rights.
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Deutsche Bank has begun marketing the first public multi-loan CMBS transaction since 2007 as CMBS spreads hit post-crisis tights. More European CMBS is in the pipeline but some bankers are warning a market revival could be curtailed by an aggressive loan market.
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David Singelyn, CEO of American Homes 4 Rent, has questioned the validity of rumours that Blackstone's Invitation Homes may issue a $1bn securitization tied to rental properties. His comments came in the same week American Homes 4 Rent launched its debut single-family rental securitization tighter than price guidance in every offered tranche.
