Blackstone taps CMBS to refi medical properties
A real estate investment fund controlled by Blackstone Group is tapping the commercial mortgage bond market to refinance a portfolio of 18 life science, laboratory and medical buildings.
CMBS
Dodd-Frank overhaul bill advances closer to House vote
The broad bill, sponsored by House Financial Services Committee Chairman Jeb Hensarling, R-Tex., would provide an off-ramp for banks that agree to hold a leverage ratio of at least 10% and would gut the Consumer Financial Protection Bureau, among other provisions.
UBS Takes Lead on CMBS Conduit for a Change
UBS is marketing its first offering of commercial mortgage bonds in four years, so perhaps its no surprise that the bank is relying on a third party to take skin in the game of the deal.
Large CMBS Loans Are Being Carved Up to Spread Risk, but
The trend of putting ever-smaller pieces of the same commercial mortgages into multiple securitizations requires investors to be extra careful, and will inevitably make workouts of bad loans more complicated.
Next CMBS Conduit is Heavy on Offices, Retail
Goldman Sachs is marketing nearly $1 billion of commercial mortgage bonds backed primarily by office and retail properties.
Political Groundwork Begins for Construction Loan Revival
Construction lending could make a comeback if bankers persuade Congress to reform capital and other complicated rules on so-called high volatility CRE loans. But will regulators go for it?
Former Bear Stearns HQ Included in $500M Single-Borrower CMBS
The former Bear Stearns headquarters building at 245 Park Avenue, a long-time home to cornerstone financial services tenants as well as Major League Baseball, is the sole property backing a new single-borrower $500 million commercial mortgage securitization.
Hotels, Skyscraper Back Next Two Single-Asset CMBS
The commercial mortgage bond market got off to a busy start Monday, with the launch of two single-asset deals one backed by a Manhattan office building and the other by a portfolio of hotels and a conduit.
Land Under Manhattan’s Lipstick Bldg Hits CMBS Market
The next single-asset CMBS to hit the market is backed by the land under an iconic Manhattan address known as the Lipstick Building.
House Panel Approves Reg Reform Bill Along Party Lines
After more than two days of debate, the House Financial Services Committee on Thursday approved its sweeping Dodd-Frank Act rollback bill.
Late Pays on CMBS Loans Rise Again in April, to 5.52%
Late payments on securitized commercial mortgages rose again in April as a large amount of loans matured and borrowers were unable to make a final, balloon payment.
Velocity Capital Marketing 7th Small-Balance CMBS
Velocity Commercial Capital is launching a small-balance commercial mortgage securitization, according to Kroll Bond Rating Agency.
Hunton & Williams Adds Structured Finance Partner
Hunton & Williams continues its national expansion with the arrival of corporate partner John J. Dedyo in the firms New York office.
Deal Scan: Two CMBS Price, Bringing April Total to $3.6B
A single-borrower deal and a conduit commercial mortgage securitization priced this week, bringing private-label issuance for April to $3.6 billion barely half of Marchs $7 billion.
Deal Scan: Citi Issuing $1.1B in Card ABS
Citibank Credit Card Issuance Trust is issuing its latest revolving Citiseries securitization through $1.1 billion in notes backed by prime credit-card receivables. Also, IHS Market notes the tightening spreads in many U.S. consumer ABS asset classes.
Bipartisan Bill Would Ease Restrictions on Construction Lending
The Trump Administrations initial tax plan may be short on details, but a bipartisan bill introduced Wednesday promises some very specific relief for the commercial real estate industry.
Morgan Stanley/BAML Conduit Relies on Hybrid Risk Retention Strategy
Morgan Stanley and Bank of America Merrill Lynch are marketing a commercial mortgage securitization that relies on the L-shaped strategy to comply with risk retention.
Next CMBS Conduit is Heavy on Hotels, Offices
The first conduit commercial mortgage securitization to hit the market in several weeks has significant exposure to offices and hotels. The $900 million CD 2017-CD4 Mortgage Trust is backed by 47 loans on 53 properties contributed by thee loan sellers, German American Capital Corp., Citigroup Global Markets Realty Corp., and Citi Real Estate Funding, according […]
Goldman Readies CMBS Backed by Portfolio of Houston Office Property
Goldman Sachs is marketing a $465 million of commercial mortgage bonds backed a portfolio of 10 office properties in Houston, Texas.
Charles Citro Joins Morningstar as Head of CMBS
Charles Citro joined the Morningstar Credit Ratings this week as managing director for commercial mortgage-backed securities ratings and analytics
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