BANK 2025-BNK51 taps the CMBS market for $1 billion
The pool of mostly multifamily properties has a cap rate of 9.49%, and an LTV rate of 75.1%.
CMBS
La Quinta Resort property secures single-borrower $300 million CMBS
For the trailing 12-month period that ended in October 2025, La Quinta Resort had an occupancy of 59.2%, and a revenue per available room $230.83.
Vacancies fuel a rise in commercial loan delinquencies
Delinquency trends split in Q3, with securitized and agency loans showing more strain while banks and life companies saw small improvements amid uneven vacancy and rent conditions.
A strong securitization sector should produce even more in 2026, KBRA says
New securitization volume should surpass 2024 business by 16%, after getting a boost from consumer asset-backed securities (ABS) classes and do $948 billion in new business in 2026.
Commercial real estate market bucks rising delinquencies
Private-label CMBS loan delinquencies are rising, but ample liquidity is making 2025 issuance volume the highest since 2007.
CMBS delinquencies rise by double digits in September
Overall, new 60-day-plus delinquencies totaled $2 billion, up from $1.69 billion in August, while maturity defaults accounted for half, or 51% ($1.05 billion) of new delinquencies.
Derby Lane Partners launches to invest in commercial real estate
Adam Piekarski, founder, leads initial senior members Kory Klebanoff and Urian Yap, partners, to commit $1.8 billion across the firm's investment strategies.
Atrium Holding’s hotel-backed mortgage secures $653 million in CMBS
There is no amortization during the entire term, and interest-only payments are based on the one-month Secured Overnight Financing Rate (SOFR), plus a spread of about 3.74%.
Durst deal offers investors range of office CMBS strengths
The regulatory fate of TikTok, the largest tenant in New York City's One Five One tower, remains unknown.
By
John Hintze
Fitch: Structured credit performance to worsen
Ratings are holding up but global economic prospects dim
By
John Hintze
Fitch Ratings proposes new criteria to rate data center securitizations
The methodology combines existing ABS and CMBS analyses
By
John Hintze
Prices drop on $2.7 billion of bonds tied to Amazon leases
The $2.7 billion of bonds, sold by Affinius Capital, traded as low as 81 cents on the dollar on Wednesday, a sign that investors aren't expecting to get all their money back.
GPARENCY’s Ira Zlotowitz tackles table funding securitization in CRE finance
The veteran commercial real estate finance broker aims to change the status quo by increasing securitization efficiency.
By
Amilda Dymi
BMO CMBS raises $698 million for diverse property pool
Diversity and metropolitan focus could provide resiliency in economic downturns
Brookfield-sponsored CMBS raises $400 million for Brooklyn towers
Eagle + West is Brookfield's premier luxury building at Greenpoint Landing.
Jason Brooks leaves Janus for Forum Investment Group
At the Denver firm, Brooks will expand its capabilities in real estate lending and structured finance.
KKR builds record $42 billion private real estate loan pipeline
The volatility pushed whole loan spreads wider and brought single-asset single-borrower commercial mortgage-backed securitization to a halt as lenders waited for clarity.
Office-bond bet gone wrong deals Lord Abbett a $60 million blow
The riskiest portion of the securitization, worth $65 million was wiped out earlier this month after the loan's sale left just $164 million to distribute to creditors.
Westfield Galleria at Roseville backs WEST Trust’s $250 million
The property is competitive, with overall sales of about $570 million in 2021, but the deal is short on upfront reserves to cover outstanding landlord obligations, like free/gap rent.
Inflation and interest rate uncertainty add to securitized assets’ attraction
Portfolio managers should consider choosing CLOs and ABS over corporate credit and agency MBS over Treasuries in 2025, says asset manager Janus Henderson.
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