Latest CMBS news

  • Ladder conduit marks CMBS split

    Non-bank commercial mortgage lender Ladder Capital priced its first CMBS transaction on Friday, with investors demanding more spread to compensate for credit and lower liquidity compared to bank offerings.

    • 26 Jun 2017
  • Spread compression sparks single asset CMBS issuance

    Single asset single borrower CMBS issuance has picked as spread tightening increases the attractiveness of CMBS financing compared to balance sheet loans.

    • 22 Jun 2017
  • GM Building single asset CMBS launched

    A $1.35bn single asset CMBS transaction backed by the iconic GM Building in Manhattan came to market on Wednesday.

    • 21 Jun 2017
  • Shopping mall CMBS set for strong reception despite retail sector woes

    CMBS issuers are set to flood the primary pipeline with new offerings, including single asset deals backed by retail properties, in a sign that investors have yet to cool to the sector despite a stream of negative headlines around bricks and mortar retail.

    • 19 Jun 2017
  • California shopping mall carved up for CMBS

    A $185m single borrower CMBS offering is in the market this week, backed by a loan that is part of a larger financing package for a California shopping mall owned by Simon Property Group, with the remaining debt expected to be packaged into future conduit deals.

    • 30 May 2017
  • Morningstar flags $100m of CMBS, as retail woes hit Rue21

    Morningstar Credit Ratings has identified the most vulnerable US CMBS loans with exposure to teen fashion chain Rue21, with $100m of CMBS debt said to be vulnerable to default if the company decides to close more stores.

    • 25 May 2017
  • Credit slips as multifamily competition grows

    Multifamily CMBS underwriting standards have been slipping, according to JP Morgan analysts, as growing appetite from the government sponsored enterprises (GSEs) drives competition among agency and private label lenders.

    • 23 May 2017
  • Goldman prices CMBS as issuers prep another $2.7bn for issuance

    Goldman Sachs priced a conduit CMBS transaction on Friday, while issuers this week prepare to offer investors another $2.7bn of bonds in a busy run up to the annual CREFC industry conference in the first week of June.

    • 22 May 2017
  • Hotel heavy single borrower deal hits hot CMBS market

    A $754m CMBS deal backed by a single loan secured by a portfolio of hotel assets hit the primary market this week, with demand for the highly leveraged deal reflective of the widespread bullishness in the wider fixed income markets, say sources.

    • 17 May 2017
  • As portfolios shrink, CMBS servicers turn to GSEs

    The four largest commercial mortgage servicers in the US are successfully battling a decline in the volume of outstanding CMBS loans by ramping up their involvement in deals from the government sponsored enterprises, said Morningstar Credit Ratings on Monday.

    • 16 May 2017

CMBS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 136,894.46 417 10.71%
2 Wells Fargo Securities 131,973.29 354 10.33%
3 Citi 128,092.49 391 10.02%
4 JPMorgan 109,675.50 340 8.58%
5 Credit Suisse 83,527.48 254 6.54%