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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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The Heron City Loan securitized in White Tower Europe 2007-1 has been granted a standstill extension until Dec 31, with another to follow until Sep. 30 2013 if certain conditions are met, according to a filing from special servicer Hatfield Philips.
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Two properties underlying Deutsche Bank’s 2007 commercial mortgage-backed securities trade DECO 12-UK 4 were sold in recent weeks.
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Fitch Ratings says it is in the process of extending its rating methodology for commercial mortgage-backed securities in Europe, the Middle East and Africa, to insurers and other non-bank firms.
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Morgan Stanley is shopping MSC 2012-STAR, a new single-asset commercial mortgage-backed securities deal, at price guidance of 125-130 basis points over swaps for the A-2 senior class of bonds—a tightening of 20-25 basis points from the last single asset to be priced.
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Goldman Sachs has agreed to pay $26.6 million to investors that charged in a class action that the investment bank misrepresented the mortgage-backed securities it sold to them.
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Avis Budget Rental Car Funding has completed an offering of $690 million asset-backed securities, the proceeds of which will be used to refinance ABS debt maturing in 2013 with a blended interest rate of roughly 5%.
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Angelo Gordon is preparing to launch the AG Securitized Asset Recovery Fund, which will invest in residential and commercial mortgage-backed securities.
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Long-term arrears in U.K. nonconforming residential mortgage-backed securities have improved from their peak of nearly 21% in 2009, decreasing to around 16%, according to Barclays.
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July was the second biggest month for European commercial mortgage-backed securities repayments since July 2010, according to Fitch Ratings.