Latest news
Latest news
Green securitizations have been prominent in CMBS this year
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
More articles
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Philippe Tapernoux, London-based managing director, European securitization and covered bonds at Natixis, left the firm last Friday.
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Mark Graham, former London-based managing director and head of European securitization at Deutsche Bank, has joined UBS as the firm’s head of European Middle East and Africa securitized products.
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The classes of the failed £1.5 billion ($2.15 billion) White Tower 2006-3 commercial mortgage securitization could be fully redeemed if the administrators liquidate the rest of its property in line with the recent £60 million ($86.17 million) Carey Street sale.
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Noteholders of the £750.05 million ($1.09 billion) CPUK Mortgage Finance commercial mortgage securitization could be in for a double payment if a sale of the property backing the deal goes ahead.
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Delinquencies on loans backing commercial mortgage-backed securities climbed 40 basis points in May, rising from 8.02% in April, according to data from Trepp.
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Howard Esaki, former London-based head of commercial mortgage-backed securities research at Morgan Stanley, has joined Standard & Poor’s New York office as the head of global structured finance research.
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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.