Three new cities representing traditionally smaller markets have jumped into the top five list of CMBS issuers during the first half of this year, knocking mainstay Chicago, Illinois off the list, among others.
2 min read · 11 August 2015
CMBS originators are cautious as ever due to widening spreads. After spending much of the beginning of the year near 80 basis points over swaps, 10-year AAAs have been pricing in the 100-107 bps range.
2 min read · 07 August 2015
While the recovery of US office markets has been uneven, improving fundamentals are having positive impacts on CMBS office loans, according to a new report from data firm Trepp.
2 min read · 06 August 2015
BNP Paribas has privately placed its €85m Lusso Srl CMBS, a securitisation of a loan backed by the luxury retail centre Sicilia Outlet Village in Sicily, Italy.
1 min read · 05 August 2015
Deutsche Bank has launched DECO 2015 Charlemagne, a €316m CMBS of three loans secured on 37 office, industrial and retail properties in the Netherlands, Belgium and Germany. The CMBS is a securitisation of the Windmill, MStar and Pegasus loans, made between September 2014 and April 2015, on assets with a total value of €493m, reflecting a loan-to-value of 64.2%.
2 min read · 24 July 2015
Goldman Sachs has launched Logistics UK 2015, a £646m CMBS of a loan secured on Blackstone Logicor UK assets. The transaction securitises 95% of a single Goldman £680m refinancing loan to Logicor, secured by 42 logistics assets located mainly in the Midlands and Yorkshire.
2 min read · 23 July 2015
Deutsche Bank is bringing its pan-European €316m DECO 2015 Charlemagne CMBS to market before August’s summer slowdown. The CMBS is a securitisation of three loans secured by office, industrial and retail assets worth €493m. The assets are located in the Netherlands, Belgium and Germany.
1 min read · 16 July 2015
Jefferies Loancore has originated $114m in loans to a joint venture between New York-based firms Princeton Holdings and The Bluestone Group for the refinancing of three office properties, two in California and one in Texas that are mostly leased to the Government Services Administration
2 min read · 07 July 2015
Rising leverage on an increasing number of student housing CMBS is raising red flags about a potential spike in troubled loans. There are currently about 806 CMBS loans for 963 student housing properties with a balance of $12.5bn, which has risen from around $927m in 2011, according to estimates from research firm Trepp.
3 min read · 19 June 2015
CMBS is viewed as having the poorest growth prospects of any securitisation class in 2015, according to Fitch Ratings. Fitch logo to use 2In a Fitch survey conducted at the Global ABS conference in Barcelona, only 12% of respondents thought CMBS issuance would increase.
2 min read · 19 June 2015
