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
More articles
-
The commercial mortgage-backed securities sector has gained substantial concessions in the latest version of a bill slated to rein in Wall Street, with H.R. 4173 carving out special rules for CMBS that allow third-party investors to satisfy the legislation's "retention risk" requirements.
-
Demand held steady for December's subscription period for the New York Federal Reserve's TALF program, with investors requesting $1.3 billion in loans to buy legacy commercial mortgage-backed securities.
-
Corporate revolver covenants are holding up Developers Diversified Realty's second commercial mortgage backed securitization, with the Beachwood, Ohio-based real estate investment trust reportedly needing a waiver from its primary lenders before it has access to any more secured debt.
-
Noteholders of the €1.5 billion ($1.67 billion) Windermere XII commercial mortgage-backed securities have voted to appeal a decision by the French Commercial Tribunal, which has placed insolvency proceedings in the hands of the borrowers and the owners of the properties backing the deal.
-
Markit plans to launch an evaluative pricing service for nonagency collateralized mortgage obligations in the first or second quarter.
-
New provisions in J.P. Morgan Chase's $500 million securitization with Inland Western Retail Real Estate Trust are paving the way for investors to jump back into the commercial mortgage-backed securities market by raising the bar on new issuance.
-
Senior investors in the £1.15 billion ($1.90 billion) White Tower 2006-3 are set to pass an amendment to the commercial mortgage-backed securities’ documents governing the order of payments that could save the class from an a technical event of default.
-
Nomura Securities International has hired Ohmsatya Ravi, head of mortgage-backed securities research at Bank of America Merrill Lynch, to head its securitized products research group.
-
Price talk on the two tranches of AAA-rated bonds from J.P. Morgan Chase’s $500 million commercial mortgage backed securitization with Inland Western Retail Real Estate Trust are around swaps plus 150 to 165 basis points for the $58 million A-1 portion and 205 to 220 basis points for the $330 million A-2 tranche, reflecting significantly tight pricing.