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CMBS

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  • Commercial mortgage-backed securities delinquencies rose to $4.64 billion in September, a month over month increase of $575 million.
  • The cost of debt is rising steeply in the U.K. commercial property market, which is having a dampening effect on the ability of borrowers to buy and sell commercial real estate properties.
  • Peter Tzelios, managing director and deputy general manager at EuroHypo’s New York office, has left the bank.
  • ING Clarion Capital has hired Timothy Zietara as senior v.p.
  • The junior loan of the Gemini Eclipse 2006-3 commercial mortgage backed securitization has hit an event of default after experiencing an interest payment shortfall on Oct. 17.
  • Standard & Poor’s has downgraded several Windermere commercial mortgage securitisations originated by Lehman Brothers.
  • Real estate, asset and investment manager Blumberg Capital Partners is raising money to invest in distressed corporate, residential real estate and commercial real estate debt and assets.
  • Spreads on cash commercial mortgage-backed securities have tightened by roughly 45 basis points after last week hitting a staggering swaps plus 585 for the benchmark 10-year, 30% subordination, AAA-rated bonds.
  • Delinquencies on commercial mortgage-backed securities dropped slightly to 0.47% in August, according to new research from Realpoint.