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CMBS

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  • LNR Partners—the largest commercial mortgage-backed securities special servicer—is in the market exploring a sale or recapitalization as its investors look to monetize their investment in the Miami Beach-based company, according to sister publication Real Estate Finance Intelligence.
  • Clydesdale Bank priced its Lanark Master Issuer 2012-2 U.K. residential mortgage-backed trade Friday afternoon.
  • The Co-Operative Bank is eyeing a return to the residential mortgage securitization market with Silk Road Finance Three, following a year-long absence.
  • Moscow-based lender Bank Uralsib has priced its first securitization, a RUB 5.375 billion ($168 million) Russian residential mortgage-backed trade.
  • Two loans representing 52% of the value of Talisman 6, a CMBS backed by German retail assets, have moved into default after failing to qualify for extensions.
  • Longhurst Group, the UK housing association, sold its debut bond on Thursday to an enthusiastic reception, enjoying the present bullish market conditions for well rated corporate bonds.
  • Europe’s residential mortgage-backed market continues to see a “very good bid” for shorter-dated bonds in both primary and secondary markets, particularly at the prime AAA end of the capital structure, market officials say.
  • Two loans representing 52% of the value of Talisman 6, a CMBS backed by German retail assets, have moved into default having failed to qualify for extensions.
  • A rally last week in the commercial mortgage-backed securities market is setting a positive tone for two deals in the works, according to sister publication Real Estate Finance Intelligence.