Latest CMBS news
Fitch Ratings put two classes of a 2012 CMBS deal from Deutsche Bank on rating watch negative on Thursday, citing heavy concentration of retail property loans and increased loss expectations for some of the largest loans in the deal.
A clash over the accounting treatment of risk retention notes has thrown the US CMBS market into flux, with uncertainty over the issue throwing into question the capital treatment and profitability of certain CMBS deals issued since the rule went into effect last year. David Bell reports.
Final bids are due by the end of the month for a landmark €2.8bn transaction in the resurgent Greek non-performing loans market, as banks from the country rush to meet European targets to clean up their balance sheets.
US private label and agency CMBS lender Greystone has hired two managing directors in its loan origination business, as the company eyes a pickup in activity in the CMBS market.
Moody’s said on Tuesday that the struggling US retail sector would have only a limited impact on structured finance asset classes, with only narrow areas of the market likely to face distress.
"Exponential" growth in energy efficient commercial mortgage lending has prompted a debut green CMBS deal from government sponsored enterprise Fannie Mae, as it looks to expand its green multifamily financing programme further into solar and other energy efficient assets.
A new CLO backed by commercial real estate loans has been priced this week, with spreads grinding tighter as investors snap up floating rate real estate debt.
The US CMBS market is showing no signs of a summer slowdown, with two more conduit deals emerging on Monday and data showing that CMBS loan origination is up 168% year on year despite increasing challenges from non-bank capital.
Commercial real estate services firm CBRE said on Wednesday that a spark of CMBS issuance in the second quarter of 2017 had accelerated lending growth in the market.
Hunt Mortgage Group has hired the former head of CMBS underwriting at JP Morgan as chief credit officer for commercial real estate.
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
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|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||4,755||19||11.75|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||64,298.92||202||11.54%|
|3||Wells Fargo Securities||55,583.74||178||9.98%|