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The increasing number of potential buyers of CMBS B-pieces is positive for issuance in the sector, according to an emailed note from Standard & Poor’s this morning. However, S&P analysts said this might result in some credit deterioration in the medium-term as the ability to kick out loans weakens. CWCapital, which was previously an active […]
Barclays Capital has made several appointments to its U.S. CMBS team. Jon Trauben joins the firm as a managing director and head of subordinate debt origination. He was previously a managing director and head of capital markets, high yield real estate and loan syndication at Cantor Fitzgerald. Before that, he spent eight years at Credit Suisse as managing director, […]
Enterprise software and services company Backshop, Inc. announced last month that eight CMBS, portfolio and B-note lenders have started using Backshop’s cUnderwriter to manage their commercial real estate loan production. The lenders – AIG Global Investment Group, Countrywide Commercial Real Estate Finance, Inc., CWCapital, LLC, Eurohypo AG, Gramercy Capital Corp., IXIS Real Estate Capital Inc., […]
SG Corporate & Investment Banking hired David Stern as head of securitization syndicate Americas, responsible for coordinating the pricing and underwriting of new-issue ABS, CMBS, RMBS and CDOs. In his new position, he reports to Bob Woods, SG’s head of debt syndicate for the Americas, and Terry Shanahan, global head of securities syndicate, located in […]