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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The percentage of loans in commercial mortgage-backed securities paid off at maturity dropped to 34.9% in May, down 13 basis points from April and below the 12-month average of 39.4%, according to Trepp.
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Delinquencies in loans in U.S. commercial mortgage-backed securities inched up only 6 basis points in May to 8.81%, according to Fitch Ratings.
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A loan securitized in the £401 million ($652.3 million) Equinox (Eclipse 2006-1) U.K. commercial mortgage-backed securitization has been placed into special servicing following a payment default by the borrower.
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Vornado Realty Trust is said to be considering raising capital to repay debt through an issue of commercial mortgage-backed securities.
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Shellpoint Partners wants to originate residential loans on behalf of high-quality borrowers that don’t conform to agency guidelines, with an eye to launching at least one securitization this year, according to Bruce Williams, ceo.
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Andrew Farkas' servicing unit C-III Asset Management has exercised a little-used provision in legacy commercial mortgage-backed securities deals to acquire distressed properties, a move that is raising some eyebrows.
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CapitaLand is refinancing a SGD866 million ($701 million) legacy commercial mortgage-backed securitization on a landmark Singapore property and will reach out to European ABS investors with the new bonds, according to officials familiar with the deal.
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The U.K.-based Co-Operative Bank is planning a return to the primary issuance market with a U.K. prime residential mortgage-backed deal, Silk Road Finance Number Two.
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Deutsche Bank’s Deco 2011-CSPK CMBS was set to price on Friday at levels that market participants called exceptionally tight. The senior notes in the CMBS, the first single asset tranched CMBS since the crisis, are offered at 175bp over three month Libor — only 25bp outside where UK RMBS deals from Lloyds and Santander placed notes of similar maturity.