Angel Oak prices first social-bond RMBS transaction
The deal was constructed under Angel Oak’s social-bond framework, in which the firm intends to use the proceeds to help finance residential loans for underserved borrowers.
The deal was constructed under Angel Oak’s social-bond framework, in which the firm intends to use the proceeds to help finance residential loans for underserved borrowers.
Deals, trends and research in structured finance and asset-backed securities for the week of May 7-13
Flatt said the combination of strong markets and asset sales means there’s enough capital on hand for its planned $6.5 billion privatization of Brookfield Property Partners LP, and the repurchase of its own shares, to soak up some of the new equity being issued in the transaction.
The two companies each priced on Wednesday each firm's second aggregated pool of non-QM loans this year.
The multiborrower CMBS deal includes 71 single-tenant properties, representing more than 40% of the pool.
Deals, trends and research in structured finance and asset-backed securities for the week of April 30-May 6
The 30-acre luxury retail development is among four investment-grade-worthy loans included in the multiborrower deal.
The 18.3% self-employment percentage of borrowers is below the combined 2020 and year-to-date 2021 average prime RMBS level of 19.3%, according to a presale report from Kroll Bond Rating Agency.
A new commercial-mortgage loan for seven facilities operated by the self-storage REIT is the largest of 41 loans in the conduit deal.
Though the government-sponsored enterprises have some of the lowest forbearance rates in the market, they expect to contend with a significant population of borrowers who face steep financial setbacks after the pandemic ends.
Disruptions over the past two years and the portents of the FSOC report make it well worth considering how repo financers should respond when borrowers become distressed.
Deals, trends and research in structured finance and asset-backed securities for the week of April 9-16
The inaugural securitization includes 447 30-year loans with average balances of $863,206.
Deals, trends and research in structured finance and asset-backed securities for the week of April 2-8
The two buildings included in the single-borrower transaction were both 94.8% leased as of February 2021.
Horizon Land Co. is securitizing a $488 million single-asset, single-borrower loan that will fund its purchase of 93 rent-site communities in the Midwest and Southwest regions.
Deals, trends and research in structured finance and asset-backed securities for the week of March 26-April 1
A white paper released Monday by the Alternative Reference Rates Committee outlined how issuers could (and perhaps should) model new floating-rate transactions using a compounded version of the interbank overnight rate instead of Libor.
The lasting effects of work-from-home practices driven by the COVID-19 pandemic could slash some office property values to less than half of their original value – and lead to rating downgrades on affected CMBS transactions, according to Fitch Ratings. “A large-scale secular shift in working practices could ultimately pressure even the most resilient properties,” Fitch […]
Deals, trends and research in structured finance and asset-backed securities for the week of March 19-25
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