Latest news
Latest news
US market remains the model as template issuance takes shape
Deal is backed by three data centers in Virginia, Illinois and Atlanta
Tightest CMBS print in nearly a year ahead of Yondr data centre ABS debut
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The unwinding of the Federal Reserve’s balance sheet and anticipated rate rises are expected to put downward pressure on CMBS issuance next year, said Kroll Bond Rating Agency on Tuesday. -
Bank of America Merrill Lynch has set initial price guidance on the sole UK sterling CMBS transaction of the year with a view to updating investors on Tuesday.
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Independent servicing group Mount Street is working on obtaining a Greek servicing licence, as interest in portfolio sales from the country heats up.
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With spreads at historically tight levels, the CMBS market benefited from a big jump in loan refinancing during the third quarter to snap up collateral and win market share from life insurance companies, according to data from the Mortgage Bankers Association (MBA).
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Bank of America Merrill Lynch has announced Taurus 2017-2, a sterling denominated CMBS backed by a single loan secured on a portfolio of UK logistics properties — the first sterling CMBS deal to be issued in over two years.
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The aversion of US capital markets investors to regional shopping malls is putting pressure on real estate investment trusts that target the sector, with Fitch stripping one of them of investment grade status on Thursday.
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Unclogging the balance sheets of Europe’s banks has been a long and painful process, and one that has inhibited the region’s growth and recovery. But, as Bill Thornhill reports, the first securitization of non-performing loans without a government guarantee by a Portuguese bank this week is a crucial development for Europe’s heavily burdened banking sector.
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Creditors of Caesars Palace in Las Vegas have turned to the CMBS market to raise debt against the casino to help finance the Chapter 11 restructuring of the business.
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US hedge fund Ellington Management has bought into the equity of a private Greek NPL securitization, cutting the investment that Aldridge EDC, the original investor in the portfolio, has to put down.
