Latest news
Latest news
Investors say data centre deals are pricing wider than other types of CMBS
Eight new managers have printed deals in 2026 with another, Oaktree, set to launch its inaugural deal.
Private credit managers have raised $16bn in north America this year while fund managers are sitting on a record $56bn globally of dry powder to deploy in commecial real estate
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The EUR1.076 billion ($1.37 billion) Talisman-6 Finance commercial mortgage securitization is set to see its class E and F notes wiped out after the sale of the remaining properties backing the Cherry loan, one of nine securitized in the deal, led to a EUR40 million ($50.85 million) loss.
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European CMBS could make a comeback next year after a recent rally brought senior spreads well inside the average lending margin on UK office property, according to research from Citi.
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Pepper, an Australian non-bank mortgage lender, is marketing a residential mortgage-backed securities deal targeting Stateside investors with a U.S. dollar slice.
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Spreads in new issue U.K. prime residential mortgage-backed securities are set to tighten further as initial guidance on Virgin Money’s Gosforth 2012-2 deal emerged at three-month LIBOR plus 50 bps, +/- three basis points on Thursday, ahead of expected pricing on Friday.
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Donald Belanger, a managing director in Deutsche Bank’s European commercial real estate finance team in London, has left the firm.
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Investment bank Gleacher & Co. Securities has hired former UBS managing director Ted Kelleher to head its middle market fixed-income group.
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Virgin Money’s Gosforth 2012-2, which is being marketed to investors this week, is expected to be well-bid following the recent dearth of new issue securitization paper—but a sharp tightening may see some investors turn their back on the deal.
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Friesland Bank is tendering for bonds in several of its Stichting Eleven Cities Dutch residential mortgage securitizations at or above par, which could see the Netherlands-based mortgage lender take control of the majority of the outstanding bonds.
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Moody’s Investors Service said Monday the U.K. Financial Services Authority’s new rules on mortgage affordability, which take effect April 2014, will boost U.K. prime residential mortgage-backed securities among investors in the long-term.