We recently received a request to finance a 100-unit multifamily property located 12 miles outside a major southeastern city on a heavily traveled interstate. The immediate area is heavily populated with large commercial and industrial facilities, and the area is well known to have a growing … [Read more...] about 5.27.17: Furnished Apartment Deals Are Okay in CMBS
5.2.14: Three New CMBS Deals Warmly Received by Investors
After a lull in new CMBS issuance, the market easily absorbed three multi-borrower offerings this week. Senior classes priced in line with dealer guidance, while junior classes priced at levels tighter than seen in the last CMBS issue at the end of March. A total of approximately $3.9 billion in … [Read more...] about 5.2.14: Three New CMBS Deals Warmly Received by Investors
5.14.12: Rates on 5-Year CMBS Conduit Loans Worse Than 10-Year Deals
Rates on 5-year CMBS conduit loans are higher than loans with a 10-year term, and the difference between the two appears to be increasing. Normally in commercial lending, when the 5-year Treasury or libor swap rate is lower than the 10-year Treasury or libor swap rate, loan rates on deals with a … [Read more...] about 5.14.12: Rates on 5-Year CMBS Conduit Loans Worse Than 10-Year Deals
7.28.11: S&P Suspends Ratings on New Issue CMBS 2.0 Deals
RBS reported that Standard and Poor’s Rating Services (S&P) announced on July 27 it will not currently assign ratings to U.S. conduit CMBS transactions, including the most recent $1.5-billion CMBS transaction offered by Goldman Sachs Group Inc. and Citigroup, Inc. that was scheduled to close on … [Read more...] about 7.28.11: S&P Suspends Ratings on New Issue CMBS 2.0 Deals
2.28.11: S&P: Larger CMBS Deals to Market after Period of Stagnation
Larger commercial mortgage-backed securities deals are starting to come back to the market just 15 months after a few smaller transactions priced following a period of dormancy, according to an S&P research note this week. The return of the market, referred to as CMBS 2.0, began in late 2009 … [Read more...] about 2.28.11: S&P: Larger CMBS Deals to Market after Period of Stagnation