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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Spreads on commercial mortgage-backed securities edged slightly tighter today, with the benchmark GSMS 2007-GG10 A4 bond finishing out the afternoon at about swaps plus 376.
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Almost everyone in the market noticed the flurry of activity in new issue commercial mortgage-backed securities in both the U.S. and this side of the Atlantic at the end of April. In this article we consider how these new issues differ from pre-crisis CMBS, the investor appetite, the stance of the rating agencies towards such deals, and what these new issues may signal to the market.
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G2 Real Estate Advisors, the real estate arm of New York-based G2 Investment Group, will launch two funds next week and a commercial real estate direct lending platform by the end of the summer.
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Noteholders of White Tower 2006-3’s class D are likely to be fully repaid, while a partial repayment of the class C notes is expected at the next payment date.
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Bank of America has filed an appeal a recent high-profile court decision that is poised to give the sponsor of Concord Real Estate CDO 2006-1, a $414 million commercial real estate collateralized debt obligation, the ability to significantly alter the way funds flow through the vehicle to investors.
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True Sale International, a German organization that provides standardized platforms for securitization, has issued a new certification for deals that will exclude originate-to-distribute bonds from obtaining its approval.
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Sponsors and originators of securitizations will not be allowed to hedge against the 5% retained slice under the latest guidelines for article 122a of the capital requirements directive II.
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James Martin, director, London-based commercial mortgage-backed securities analyst at Bank of America, has moved to Barclays Capital.
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A cultural rift has reportedly developed in Bank of America’s London-based European structured finance team, leading to the departure of several Merrill Lynch members of the team.