Latest news
Latest news
Green securitizations have been prominent in CMBS this year
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
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PSigma Investment Management and TwentyFour Asset Management have co-launched the TwentyFour Focus Bond Fund, which will target a mix of assets at the lower end of the credit spectrum, including asset-backed securities.
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Appetite for euro-denominated paper is expected to increase as industry attention switches to the next potential flow of new deals.
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U.S. multifamily commercial mortgage-backed securities has been one of the first types of commercial property to bounce back after the crisis, but it has also been one of the worst performers in terms of delinquencies, according to Fitch Ratings.
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The delinquency rate for loans in U.S. commercial mortgage-backed securities fell sharply in February, dropping 15 basis points to 9.37%, its lowest level in 12 months, according to Trepp.
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Tishman Speyer’s recent sale of Second and Seneca, a Seattle office property securitized in a 2007 commercial mortgage-backed securities deal, a rare instance in which a hope note workout results in a loan resolution, according to sister publication Real Estate Finance Intelligence.
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David Tibbals, the longtime head of Citigroup’s commercial mortgage lending business, has joined New York-based broker-dealer Amherst Securities as senior managing director, according to sister publication Real Estate Finance Intelligence.
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Unpaid debt on loans in European commercial mortgage-backed securities could end the year at a record EUR10 billion ($13.2 billion), according to Standard & Poor’s.
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A new German insolvency law came into force on Thursday, bringing in stronger rights for creditors — a move which could strengthen German law CMBS deals, and encourage more restructuring on German bank balance sheets.
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Deutsche Bank priced the 10-year, AAA-rated A4 class of its $941.3 million commercial mortgage-backed securities deal COMM 2012-LC4 at 110 basis points over swaps, the tightest levels on 10-year bonds from conduit deals since May 2011.