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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Berkadia Commercial Mortgage has hired commercial mortgage-backed securities veteran Hugh Hall as a managing director of capital markets as part of a plan to expand origination programs after cutting back during the downturn.
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European commercial mortgage-backed securities deals initially thought to be under major refinancing pressure due to their portfolio size could tempt cash-rich real estate accounts looking for investments as market fundamentals remain solid, according to Société Générale analysts.
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Real money investors are said to have scooped up the bulk of $3.7 billion in new commercial mortgage-backed securities that sold in the primary market last week, according to officials close to the deals.
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Punch’s securitisations have been on a roll this week, with cash prices on the M1 notes in Punch A trading up from 77 to 82.5 and yields on the senior notes coming in from the 9.5% area to 8%. This comes after a string of negative headlines last year suggesting that Punch might abandon Punch A and B, which are securitisations of cashflows from Punch’s tenanted pubs.
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Following the collapse of Gatak Real Estate’s tender offer for the notes of the REC 6 CMBS, at least one noteholder is pushing for tighter control over the servicer — which could be the first step to enforcement.
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Wells Fargo Bank and RBS have rolled out WF-RBS Commercial Mortgage Trust C-2, a $1.3 billion commercial mortgage-backed securities deal.
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Goldman Sachs is looking to issue between $5-6 billion in new commercial mortgage-backed securities in 2011 and is also aiming to lock down more contracts to arrange collateralized loan obligations, according to a senior official familiar with the firm’s strategy.
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Punch’s securitisations have been on a roll this week, with cash prices on the M1 notes in Punch A trading up from 77 to 82.5 and yields on the senior notes coming in from the 9.5% area to 8%. This comes after a string of negative headlines last year suggesting that Punch might abandon Punch A and B, which are securitisations of cashflows from Punch’s tenanted pubs.
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U.K. credit card securitizations are being earmarked as a major contributor to Euro issuance volumes this year following Barclays Capital’s successful placement of one of the biggest U.K. card deals ever rolled out.