Deal Name: ML-CFC Commercial Mortgage Trust
Another Huge CMBS Deal Hits Market
The latest, largest CMBS deal ever has been launched.Wachovia Securities, which had been thought to be working on a deal approaching $8 billion, has unveiled Wachovia Bank Commercial Mortgage Trust, 2007-C30, and it weighs in at a whopping $7.9 billion, ...
CMBS Conduits Get Sideswiped By ABS Market Turmoil
Two CMBS conduit transactions were impacted by weakness in the asset-backed securities market. They priced today at spreads that were at least 3 basis points, and up to 27 bp wider than a deal that priced just last week.
FINAL PRICING: $4.4Bln ML-CFC Commercial Mortgage Trust, 2007-5
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sRatingFitchFinalPricing (bp)BnchmarkA-187.3730.002.76AAAAaaAAA+10swapsA-1A1,205.6030.009.35AAAAaaAAA+26swapsA-263.3230.004.87AAAAaaAAA+21swapsA-2FL60.0030.004.87AAAAaaAAA+10LiborA-3153.4330.007.61AAAAaaAAA+28swapsA-SB187.0530.007.39AAAAaaAAA+28swapsA-41,090.1530.009.76AAAAaaAAA+26swapsA-4FL245.0030.009.76AAAAaaAAA+16LiborA-M341.7020.009.83AAAAaaAAA+30swapsA-MFL100.0020.009.83AAAAaaAAA+18LiborA-J211.4911.259.91AAAAaaAAA+33swapsA-JFL175.0011.259.91AAAAaaAAA+24LiborB77.309.509.91AAAa2AA+36swapsC33.138.759.91AA-Aa3AA-+39swapsD77.307.009.91AA2A+44swapsE38.656.1259.91A-A3A-+47swapsF55.214.8759.91BBB+Baa1BBB++80swapsG49.693.759.93BBBBaa2BBB+90swapsH49.692.6259.99BBB-Baa3BBB-+110swapsJ16.562.259.99BB+NRBB+NAswapsK11.042.009.99BBNRBBNAswapsL11.041.759.99BB-NRBB-NAswapsM11.041.509.99B+B1NRNAswapsN5.521.3759.99BNRBNAswapsP11.041.1259.99B-B3NRNAswapsQ49.690.0010.21NRNRNRNAswapsX4,417.02*NANAAAAAaaAAA+105Treas*Notional amount, interest onlyCollateral balance: $4,417.02 millionBookrunner(s): Merill Lynch, Countrywide SecuritiesLead Managers: Merrill Lynch, Countrywide SecuritiesCo-managers: Ixis Securities, Bear Stearns, KeyBanc Capital Market, Banc of America SecuritiesB-piece Buyer: CWCapitalMaster Servicer: KeyCorp/Wells Fargo BankSpecial Servicer: CWCapitalTrustee: LaSalle BankOriginators: ...
Redwood Circles LB-UBS B-Piece
Commercial Real Estate Direct Staff ReportRedwood Trust has circled its first CMBS B-piece of 2007.It has agreed to buy the junior bonds of LB-UBS Commercial Mortgage Trust, 2007-C2, a $3 billion conduit transaction that should price in a month or ...
FINAL PRICING: $4.5Bln ML-CFC Commercial Mortgage Trust, 2006-4
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-171.5530.002.63AAAAaa+7swapsA-2336.6730.004.87AAAAaa+22swapsA-2FL565.0030.004.87AAAAaa+12LiborA-31,283.8330.009.78AAAAaa+25swapsA-3FL30.009.78AAAAaa LiborA-SB119.0130.007.21AAAAaa+24swapsA-1A789.8430.009.42AAAAaaNAswapsA-M452.2720.009.92AAAAaa+28swapsA-J198.7811.6259.92AAAAaa+31.5swapsAJ-FL180.0011.6259.92AAAAaa+24LiborB11.3111.3759.92AA+Aa1+38swapsC79.159.6259.99AAAa2+40swapsD33.928.87510.00AA-Aa3+43swapsE67.847.37510.00AA2+47swapsF39.576.5010.00A-A3+53swapsG50.885.37510.00BBB+Baa1+67swapsH45.234.35710.00BBBBaa2+75swapsJ62.193.0010.00BBB-Baa1+95swapsK16.962.62510.00BB+Ba1NAswapsL5.652.5010.00BBBa2NAswapsM22.612.0010.00BB-Ba3NAswapsN5.651.87510.00B+B1NAswapsP16.961.5010.00BB2NAswapsQ5.651.37510.00B-B3NAswapsS62.190.0010.52NRNRNAswapsXC4,522.71*NA8.61AAAAaa+150TreasXP4,426.24NANAAAAAaa Treas*Notional amount, interest onlyCollateral balance: $4,522.71 millionBookrunner(s): Merrill Lynch, Countrywide Securities Corp.Lead Managers: Merrill Lynch, Countrywide Securities Corp.Co-managers: Ixis Securities, PNC Capital Markets, Credit Suisse, Deutsche Bank SecuritiesB-piece Buyer: LNR PropertiesMaster Servicer: Midland Loan ServicesSpecial Servicer: LNR ...
Southern California Retail Property Sells for $21.9Mln
An Arcadia, Calif., investor has paid $21.9 million for Bryant Ranch Shopping Center, an 89,692-square-foot retail property in the Los Angeles suburb of Yorba Linda, Calif.The buyer, which operates as First Duarte Bryant Ranch LLC, purchased the property from Bryant ...
Southern California Retail Property Sells for $21.9Mln
An Arcadia, Calif., investor has paid $21.9 million for Bryant Ranch Shopping Center, an 89,692-square-foot retail property in the Los Angeles suburb of Yorba Linda, Calif.The buyer, which operates as First Duarte Bryant Ranch LLC, purchased the property from Bryant ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
