Warning Signs in Structured Finance Growing Stronger
Warning signs are growing in structured finance for 2017.
CMBS
Another Week, Another $3B-Plus of CMBS
Five commercial mortgage securitizations totaling some $3 billion hit the market Tuesday and Wednesday. This marks a return the pace seen before last weeks presidential election, when deal flow slowed considerably.
CMBS Investors Slowly Embracing PACE Financing
Investors in commercial mortgage bonds are becoming comfortable with property assessed clean energy financing.
Hilton’s Park Hotels Taps CMBS Market Again Ahead of Spinoff
Park Hotels & Resorts, the real estate investment trust being spun out of Hilton Worldwide Holdings, is making another trip to the securitization market.
Trump Gives Structured Finance Pros Their Best Shot at Rolling Back Dodd-Frank
Banking industry lobbyists and representatives are practically salivating over the election results, convinced that Republican control of the White House and Congress will finally give them the opportunity to roll back key parts of the Dodd-Frank Act.
Goldman Sachs Readies $1B CMBS from its All-Bank Shelf
Goldman Sachs has launched the first private label commercial mortgage securitization of the week, according to Kroll Bond Rating Agency.
What Volatility? Brexit-Like Reaction Fails to Materialize
Donald Trumps victory drew inevitable comparisons to Britains vote to exit the European Union in June, but so far the election results have failed to produce the kind of volatility seen in June much less the extreme moves in financial markets experienced in January
ZAIS Group Makes Senior London Office Hires
Structured credit firm ZAIS Group has hired two new executives to spearhead its collateralized loans obligation and other asset-backed businesses out of London.
Credit Suisse Readies $767M CMBS Conduit
Credit Suisse is marketing $767 million of bonds backed by 53 mortgage that are secured in turn by 199 commercial properties, according to rating agency reports.
Hilton Taps CMBS for Cash-Out Hotel Refi Ahead of Spinoff
Park Hotels & Resorts, the real estate investment trust being spun out of Hilton Worldwide Holdings, is tapping the securitization market for a cash-out refinancing of two full-service hotels in San Francisco.
Trepp: CMBS Late Pays Up Again in October on Maturity Defaults
Late payments on securitized commercial mortgages climbed again in October, as they have for seven of the past eight months.
State Farm’s Dallas HQ Loan Marketed in Single-Tenant CMBS
A first-lien mortgage loan issued for the new State Farm Mutual Insurance regional headquarters building in suburban Dallas, Tex., is being collateralized for a single-property securitization.
Hotels, Office Properties Focus of New Citi CMBS
Citigroup Global Commercial Mortgage Trust 2016-3 is a $756.4 million asset-backed pool of 44 fixed-rate loans secured by 72 commercial properties. Forty-four of the properties in the pool are hotels or office, all tied to loans originated within the last five months.
Velocity Capital Returns with 2nd Small Balance CMBS of Year
Velocity Commercial Capital is marketing its second small balance commercial loan securitization of the year.
This CMBS Designed to Comply with Both US, EU Risk Retention
Morgan Stanley, Wells Fargo and Bank of America are marketing $725.6 million of commercial mortgage bonds designed to meet requirements from regulators on both sides of the Atlantic to keep skin in the game of their deals.
Credit Suisse Preps $280M CMBS Backed by Mills Fleet Stores
Credit Suisse is marketing bonds backed by a $280 million floating-rate mortgage collateralized by 27 standalone retail properties leased to Mills Fleet Farm.
Blackstone Taps CMBS for Cash Out Refi of Cosmopolitan Las Vegas
Blackstone Real Estate Partners is tapping the securitization market for a cash out refinancing of The Cosmopolitan Las Vegas hotel and casino.
Another CMBS Sharing in 10 Hudson Yards’ Mortgage Loan
A new $1.12 billion CMBS deal being marketed by JPMorgan and German American Capital Corp. includes notes backed by a portion of a loan backing the 51-story 10 Hudson Yards office building, part of the largest-ever private real estate development in the U.S.
Deutsche Securitizing $710M Loan on Portfolio of Nursing Homes
Deutsche Bank is securitizing a $710 million mortgage backed by a portfolio of 155 skilled nursing, assisted and independent living facilities with 18,870 licensed beds, in 20 states.
Cantor, Société Générale Marketing $787.5M CMBS
CVCRE 2016-6 consists of four super-senior class A notes tranches and three subordinate classes. The senior A notes have a preliminary triple-A rating structured finance rating from Morningstar and Fitch Ratings.
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