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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Specialist real estate and CMBS advisory firm Brooklands Partners is hoping to break the deadlock over LTV breaches on the Plantation Place CMBS. Noteholders are asked to waive LTV events of default for 22 months in return for a sale of the property, a waiver fee and a cash trap.
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Borrowers on a loan securitized in N M Rothschild & Sons’ commercial mortgage-backed deal REC Plantation Place have pitched a plan to noteholders to work out the ailing deal.
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Special servicer Hatfield Phillips has managed the restructuring of loans in the Titan Europe 2006-2 CMBS, extending the maturity of the Eu273.39m Margaux and the Eu208m Petrus portfolio loans until July and April 2012 respectively, with options to extend further into 2013.
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Wells Fargo Bank is said to be positioning itself to be a major player in the retrenched commercial mortgage-backed securitization market, with lenders in the sector tipping the San Francisco, Calif.-based bank to lead a new offering in the early part of the New Year.
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Two loans securitized in the German commercial mortgage-backed deal Titan Europe 2006-2 have been restructured.
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About $8 billion in new commercial mortgage-backed securities is being readied by Wall Street banks, with the flood of paper expected to hit the market in the first quarter of 2011, according to bankers.
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Securitization shops will hotly compete for floating-rate loans securitized in boom-period commercial mortgage-backed securities deals that are set to mature in the coming months, according to bankers.
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The London-based Canary Wharf Group, the property development and investment firm that manages the Canary Wharf estate, yesterday swapped two properties out of its commercial mortgage securitization.
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Although the recession officially ended in June 2009, its impact on loan performance among U.S. commercial mortgage-backed securities still lingers.