Latest news
Latest news
Spreads have widened and GI Partners' $375m deal is moving slowly
Investors say data centre deals are pricing wider than other types of CMBS
Eight new managers have printed deals in 2026 with another, Oaktree, set to launch its inaugural deal.
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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.
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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.
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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.
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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.
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Markit plans to launch an evaluative pricing service for nonagency collateralized mortgage obligations in the first or second quarter.
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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.
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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.
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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.
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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.