Three large mall loans in a 2012 CMBS transaction recently have been hit with significant appraisal reduction amounts, a harbinger that the deal, UBS-Barclays Commercial Mortgage Trust, 2012-C2, could eventually suffer substantial losses The loans...
The volume of CMBS loans in special servicing declined yet again last month, to $5111 billion, according to Trepp LLC That's down 164 percent from the $5196 billion of loans that were in special servicing in February Hotel and retail loans continue...
Commercial Real Estate Direct Staff Report Braemar Hotels & Resorts Inc, which owns 13 luxury hotels in six states, said revenue per available room last month amounted to $204, for an increase of 90 percent over last year However, that remained...
Prime Finance was the most-active buyer of B-pieces from CMBS conduit transactions during the first quarter, with a 415 percent share of the anemic quarter's issuance While KKR wasn't the dominant force in the conduit B-piece market during the...
Domestic, private-label issuance totaled $154 billion during the first quarter, down nearly 30 percent from the $2155 billion issued during the same period a year ago Barclays Capital was the quarter's most-active bookrunner, with $23 billion of...
Commercial Real Estate Direct Staff Report The CMBS delinquency picture continued to improve in March, with the volume of loans that are more than 30 days late with their payments declining by more than $11 billion to $3566 billion, according to...
Commercial Real Estate Direct Staff Report Mortgage lender 3650 REIT has broadened its playbook The Miami company was formed in 2018 to provide debt capital to property owners It originates long-term, fixed-rate loans that it funds through the CMBS...
Commercial Real Estate Direct Staff Report Brookfield Property Partners is giving up on its Glenbrook Square shopping mall in Fort Wayne, Ind, against which it owes $1528 million The New York company, which had assumed the 12 million-square-foot...
Commercial Real Estate Direct Staff Report The size of the commercial mortgage universe grew last year by $212 billion, or 58 percent, to $388 trillion, according to the Mortgage Bankers Association The fourth quarter, meanwhile, saw a $582 billion,...
Commercial Real Estate Direct Staff Report The number of CMBS conduit deals being impacted by interest shortfalls has more than doubled since before the coronavirus pandemic According to a tally by Kroll Bond Rating Agency, 246, or 90 percent, of...
