Deal Name: CMBS Deal - General

Pricing earlier this week on the $1.34 billion Lehman-UBS conduit surpassed even its own lofty expectations, showing increased tightening down the credit spectrum. And Prudential's conduit has guidance right in line with the LB-UBS numbers.

The transaction, Global Hotel One Ltd., is being issued by Germany's DePfa Bank and involves properties from eight countries and employs a complicated credit default swap structure.

Banc of America has its new $215 million single-asset deal out, and a Merrill Lynch/Prudential conduit is to come to market next week. CMBS spreads continued to tighten this week and sellers have been responding to the demand.

May 10, 2001Commercial Real Estate DirectA new $248.7 million (US$161.1 million) CMBS transaction in Canada is in the market from Merrill Lynch, that country's leading real estate securitization firm. The deal, Merrill Lynch Financial Assets Inc. Series 2001-Canada 5, is ...

May 8, 2001 Commercial Real Estate DirectDetails of the forthcoming $1.34 billion Lehman Brothers-UBS Warburg Commercial Mortgage Trust 2001-C2 conduit were made available through term sheets filed with the SEC yesterday. Lehman is the sole book runner and co-lead manager ...

May 7, 2001 NEW YORK – Moody's Investors Service has upgraded four classes of Fortress Commercial Mortgage Trust, 1999-PC1, because loan paydowns have increased the deal's subordination levels.The rating agency upgraded the issue's:– Class B to Aaa from Aa2, – ...

The $1 billion, five-issuer Bear Stearns TOP2 deal finished with a bang this morning, coming in tight to price talk amid high demand.

The firm is said to be investing in the junior classes of three, and possibly four, upcoming deals. Lennar sat out the first quarter while catching up on business from 2000.

April 27, 2001 Commercial Real Estate DirectThe anticipated $1 billion conduit transaction from Bear Stearns, Wells Fargo Bank, Morgan Stanley Dean Witter, Principal Commercial Funding and John Hancock Real Estate Finance is now in the market.Presale reports for "Bear Stearns ...

April 25, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterThe $1.14 billion CMBS conduit deal from G.E. Capital (Series 2001-1) is due to price this afternoon, traders say. Price guidance, shown below, is said to have tightened ...