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Latest news
◆ Solving order book attrition in the corporate bond market ◆ Signs of trouble in the tech debt boom ◆ The task before the EU's two newest chief regulators
Spreads have widened and GI Partners' $375m deal is moving slowly
Investors say data centre deals are pricing wider than other types of CMBS
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Fitch Ratings has placed the AAA-rated, AJ-class of commercial mortgage-backed securities from MS Capital 1 Trust 2007-IQ15 on ratings watch.
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Cortland Capital Market Services, a Chicago-based custody and portfolio administration provider, has expanded its securitization services for commercial real estate investment managers and issuers.
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David Oliner, a managing director in the commercial mortgage-backed securities group at Morgan Stanley, will leave the firm in May.
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Senior tranches of European securitisations have so far escaped systematic downgrades, with cuts to triple-A notes mostly limited to CDOs and Lehman-sponsored deals. No longer.
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In a declining economy, commercial real estate investors want long-term leases, low tenant rollover, low expense ratios and the ability to pass along increasing operating expense to tenants.
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Barclays Capital is betting that the commercial mortgage-backed securities market will outperform other sectors and has upgraded CMBS to overweight.
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German bank BayernLB is understood to be shutting down its securitization team in London and possibly the businesses in New York and Munich as well, according to market players.
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U.K. private equity firm, Terra Firma is looking to buyback notes from its €5.9 billion ($7.6 billion) German multi family commercial mortgage securitization as depressed bond prices have presented discounted buying opportunities to the market.
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More structural problems are expected to appear in the European commercial mortgage-backed securities market as unprecedented stresses continue to grip the sector.