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
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Investors in 2006-vintage European commercial mortgage-backed securities deals are fearing greater losses as the underlying loans are approaching maturity and need to be refinanced.
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Credit Suisse is expected to make deep cuts to its commercial mortgage group in the coming days as part of larger firm-wide layoffs.
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Fort Lauderdale-based law firm Becker & Poliakoff has started a distressed property group in response to an increased number of workouts and related inquiries.
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Fallen U.K. high street retailer Woolworths, which went into administration last week with around £385 million ($582 million) of debt, is a tenant in a number of U.K. commercial mortgage-backed securities deals, say Barclays Capital analysts.
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Former Broadpoint Captial distressed structured products traders Viru Raparthi and Maneesh Awasthi have joined brokerage Newedge, a joint venture between Société Générale’s Fimat and Calyon Financial, to build up a synthetic and cash structured credit platform there.
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Commercial mortgage-backed securities and other mortgage-related debt could eventually be some of the assets purchased under the Treasury Department’s expansion of the Troubled Asset Relief Program.
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Commercial mortgage-backed securities spreads widened to unprecedented levels last week, with some AAA-rated bonds jumping to more than swaps plus 1,450 basis points.
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Dynamic Credit Partners is investing some internal capital and encouraging advisory clients to invest in AAA-rated commercial mortgage-backed securities and senior tranches of collateralized debt obligations backed by residential mortgages, Jim Finkel, Dynamic, ceo and co-founder, said.
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Morgan Stanley has reportedly cut its U.S. commercial mortgage-backed securities group to 12 people and reduced its European and Asian groups to eleven staffers each.