Securitization

Blackstone participates in first European CMBS as a lender

The US manager, which is typically a sponsor of European commercial real estate securitisations, has participated in the Vanir Logistics Finance CMBS.

Rating agency downgrades notes in Blackstone’s Finnish CMBS

Morningstar DBRS believes the outstanding loan balance is higher than the value of the assets, as rental income declines and vacancy increases.

Blackstone wins Italian CMBS loan extension, contributes equity in return

The US manager has been granted a three-year extension to execute its business plan for four retail assets.

A new era for CRE CLOs beckons

Iain Balkwill from law firm Reed Smith says collateralised loan obligations offer alternative lenders a strong source of funding.

Why Starz Real Estate revived the European CRE CLO market

David Arzi, CEO of the mid-market European lender, explains why it was behind Europe’s first post-crisis CRE CLO.

LendInvest securitises loans and says it will lend despite market turbulence

The UK specialist lender says its latest mortgage securitisation sets it up well for a “rocky period”.

Why Blackstone took the agency CMBS route for its Italian refi

The private equity giant enlisted Deutsche Bank to arrange a securitisation of four retail properties in Italy.

Securitised Punch Taverns bought by Patron/Heineken JV

Patron Capital and Dutch brewer Heineken have completed the purchase of the FTSE 100-listed Punch Taverns – the UK pub chain which is financed by circa £1.32 billion (€1.42 billion) of debt across two securitisations.

Patron platform issues first post-crisis second-charge mortgage security

Optimum Credit, a non-bank mortgage lending platform owned by investment firm Patron Capital, has completed its first securitisation of UK second-charge mortgages, according to Real Estate Capital’s sister title, Private Debt Investor.