Latest news
Latest news
Investors say data centre deals are pricing wider than other types of CMBS
Eight new managers have printed deals in 2026 with another, Oaktree, set to launch its inaugural deal.
Private credit managers have raised $16bn in north America this year while fund managers are sitting on a record $56bn globally of dry powder to deploy in commecial real estate
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Tesco Property Finance’s fourth capital markets outing was a blowout success, with an orderbook three times oversubscribed, and 123 orders in the book. The £685.1m 22.4 year expected life bonds are fully backed by Tesco, but if Tesco goes bust, investors have recourse to the underlying assets.
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Securitization duo James Croke and Peter Manbeck have joined the New York office of Chapman and Cutler as partners focusing on a range of asset classes, including the growth of the firm’s asset-backed commercial paper conduit business.
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Deutsche Bank is rumored to be looking to securitize the senior piece of a commercial loan secured on a property located in London’s Chiswick Park, according to a market official.
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Tesco has launched its fifth sale and leaseback CMBS, a £680m deal through Tesco Property Finance 4, arranged by Goldman Sachs, HSBC, and JP Morgan.
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Deutsche Bank, UBS and Ladder Capital are planning to make a splash with their roughly $2.4 billion new commercial mortgage-backed securitization at the upcoming ASF 2011 conference in Orlando, Fla.
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Credit rating agencies are feeling the weight of new regulations, causing delays in primary new issuance by up to two weeks, according to bankers.
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A loan securitized in Merrill Lynch’s Taurus (Germany) 2006-1 commercial mortgage-backed deal has had its standstill period extended to Feb. 25 after the borrower failed to repay it on the Oct. 18 maturity date.
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NM Rothschild, the servicer in the Alburn Real Estate Capital 6 securitization, has called on investors in the £188 million ($305.5 million) U.K. commercial mortgage-backed deal to set up a bondholder steering committee in order to thrash out all available options after the issuer’s tender offer to buy back notes expired Jan. 21.
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Gatak Real Estate’s tender offer in the REC 6 CMBS has been rejected, after failing to secure 75% of noteholder votes in each class. The collapse of the tender leaves noteholders with few options, as the transaction is expected to default on its April payment date.