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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U.K. real estate firm Picton Property Income Limited has agreed to long term debt refinancing for an outstanding commercial mortgage-backed securitization and a standard loan facility with insurance firms Aviva Commercial Finance and Canada Life.
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UBS and Barclays have combined the mezzanine tranches of UBS-B 2012-C2, their new conduit deal, in order to attract a broader group of investors.
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Bonds in Northern Rock’s U.K. residential mortgage trade Granite continue to rise on the back of last week’s tender announcement, but elsewhere the secondary ABS sector remains slumbering, according to traders and investors in London.
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Fitch Ratings has praised a move by commercial mortgage-backed securities special servicer LNR Partners to put into place significant transparency and disclosure controls that will work to assuage investors’ concerns about transparency and special servicers’ fiduciary obligations to best serve the CMBS trust when working out troubled loans.
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A defaulted loan securitized in Credit Suisse’s EUR1.32 billion ($1.64 billion) pan-European commercial mortgage-backed deal Cornerstone Titan 2007-1 has been given until next month to formulate a sales process for the underlying properties.
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Banks acting as counterparties in securitizations are set to begin work swiftly to address the effects of Moody’s Investors Service’s sweeping bank downgrades last week, which will have a far-reaching effect on securitization deal ratings.
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The U.S. Securities and Exchange Commission has launched an investigation Standard & Poor’s last-minute decision last July to pull ratings on a $1.5 billion offer of commercial mortgage-backed securities by Goldman Sachs and Citigroup.
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Deutsche Bank’s planned securitization of German property group Vitus’ multifamily housing portfolio—the sole European commercial mortgage-backed trade slated for 2012—may now not reach the market until well into the second half of this year.
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London-based officials are welcoming the new residential mortgage-backed issue from Virgin Money’s Gosforth program a year after the last deal from that program –under a different sponsor -- came to market.