Latest news
Latest news
Blackstone priced its social housing CMBS while Yondr debuted in data centre ABS
Blackstone is targeting a quicker than usual three day execution
Triple-As were priced at 170bp over Sofr, close to guidance
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Issuance of National Credit Union Administration notes will continue to depress spreads on agency residential mortgage-backed securities, but collateralized loan obligations and commercial mortgage-backed securities provide bright spots for traders, Scott Eichel and David Cannon, global co-heads of mortgage and asset-backed trading at the Royal Bank of Scotland, said in a recent interview with TS Senior Reporter Daniel O'Leary.
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Proposals issued Thursday by the European Central Bank to introduce loan-by-loan information requirements for securitizations will be welcomed by investors.
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Barclays Capital is preparing the first commercial mortgage-backed securities index to launch since the market’s reboot.
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Noel Smyth, the property developer behind troubled CMBS REC 6, caused "fireworks" in a bondholder meeting this week. Smyth disputed figures provided by independent real estate advisor CB Richard Ellis, which said that £41m of capital expenditure would be required by the properties backing the REC 6 CMBS. He claimed a lower figure, including a rent-free period to deal with some leases on the properties which are due to run off.
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The Fleet Street Finance One CMBS could be enforced in the new year, as scarce real estate credit means the sole asset in the transaction is struggling to refinance, despite healthy cashflows and a low leverage.
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GS Mortgage Securities Trust 2010-C2, the $876.5 million commercial mortgage-backed securities deal launched last week by Goldman Sachs and Citigroup, has priced, with the senior bonds coming in slightly wider than initial guidance.
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New York-based law firm Dechert has expanded its structured finance capabilities, hiring Laura Swihart, a partner at Winton & Strawn and a specialist in commercial mortgage-backed securities.
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Credit Suisse is bringing back its loan origination and new issue commercial mortgage-backed securitization platform two years after cutting the desk.
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Securitization markets in Europe are predicted to continue to recover in 2011, though wider macroeconomic changes will subdue issuance volumes, industry pros are forecasting.