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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Volatility in the bond market over the past two weeks has caused a big headache for commercial mortgage-backed securities lenders looking to price new loans.
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Control of the troubled Karstadt Quelle CMBS Fleet Street Finance 2 has passed to the class ‘A’ noteholders following a Eu486.5m appraisal reduction. The reduction has wiped out all subordinated classes for the purposes of voting and enforcement rights and trustee actions. The class ‘A’ note balance is also deemed to be reduced to Eu637.6m for these purposes.
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Odeon Capital has hired Alex Masri to sell and trade structured products.
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Martin Egan, London-based global head of primary markets and securitization at BNP Paribas, has been appointed global head of primary markets and origination.
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European investors are finding relative value in mezzanine tranches of commercial mortgage-backed securities with high quality London properties as collateral.
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The U.S. Securities and Exchange Commission has given European issuers a six-month reprieve to comply with new rules designed to inject transparency into the market.
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Isle of Man-based Wichford, a property firm with exposure to European commercial mortgage-backed securities, has negotiated extensions to a number of its lending facilities.
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Mission Capital Advisors is marketing a $300 million portfolio of non-performing loans from commercial mortgage-backed securities deals.
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The sale of the business backing Fleet Street Finance Two, a €1.912 billion ($2.4 billion) commercial mortgage securitization of German shopping centres, has only attracted one bidder.