Trepp reported that the powerful rally in the CMBS market that started at the beginning of 2012 extended for a second month, giving investors a lot to cheer about in February: The market has tightened in four of the last five months. After a miserable stretch from June through mid-September 2011, … [Read more...] about 3.6.12: CMBS Spreads Tighten Across the Board in February
7.29.11: CMBS Spreads Blow Out; Borrowers Repriced
The CMBS market suffered a setback last week when bond spreads widened sharply again. According to Commercial Mortgage Alert, the spread on the benchmark triple-A class of an offering led by Wells Fargo and RBS priced on Thursday, July 21 at 170 basis points (bp) over swaps. That was 35 bp wider … [Read more...] about 7.29.11: CMBS Spreads Blow Out; Borrowers Repriced
6.10.11: Tighter Spreads Expected on Upcoming Conduit Deal
The senior spreads on a $2.1-billion CMBS offering by UBS, Deutsche Bank and Ladder Capital are shaping up to be slightly tighter than those on another multi-borrower issue that priced last week. The second offering of the year from this trio of lenders is slated soon, following another week of … [Read more...] about 6.10.11: Tighter Spreads Expected on Upcoming Conduit Deal
3.23.11: Goldman Sachs/Citigroup Price CMBS Deal at Wider Spreads
Goldman Sachs and Citigroup priced a $1.4-billion CMBS transaction March 23; with the crisis in Japan and turmoil in Libya a significant widening in CMBS spreads occurred. With capital markets recovering some lost ground during the week, the transaction was able to clear the high end of price … [Read more...] about 3.23.11: Goldman Sachs/Citigroup Price CMBS Deal at Wider Spreads