Investors in five bonds backed by commercial mortgages stand to gain from a $5.3B deal to sell Stuyvestan Town-Peter Cooper Village in New York. That’s because there’s a $3B loan to this apartment complex diced up into these CMBS.
More From Asset Securitization Report
CMBS delinquency rate falls sharply in December
The Trepp CMBS Delinquency Rate ended the year at 4.89%, a decrease of 29 basis points from the November level. That’s the largest monthly drop since January 2016.
Invitation Homes Obtains Financing from Fannie Mae
Invitation Homes, the real estate investment trust controlled by private equity firm the Blackstone Group, has found a new source of financing for its portfolio of single-family rental homes: Fannie Mae.
TOP 10 of 2015: CMBS Scales the Maturity Wall
Thanks to persistently low interest rates and rising property values, sponsors had little trouble refinancing the wall of commercial mortgage debt maturing this year.
Trepp: Litigation Could Delay Stuy Town Loan Pay Off
When news broke in October that New Yorks Stuy Town was being sold, observers expected the $3 billion loan on the property to be paid off without a glitch. Recent litigation might change that.
Coming Due: How CMBS Market Will Handle $300B Maturing 2015-2017
he amount of commercial mortgage debt maturing is set to spike this year, when loans taken out during the height of the real estate bubble start coming due.