Anglo Irish Bank is opening a lending office in Chicago that would be headed by Paul Doyle, a senior vice president who has relocated from the lenders' Boston office.The lender, which has been in the United States real estate market ...
Commercial Real Estate Direct Staff ReportDebtX has launched DXParticipate, a platform that helps regional and community banks facilitate the participation of their loans.The Boston loan-sales adviser, since its founding in 2000 has been making efforts at creating a viable marketplace ...
Lehman Brothers has found that $68.7 billion of large fixed-rate mortgages have been split and included in multiple CMBS deals. A/B notes, in which loans are divided into at least two components with varying seniority levels, comprise $53.9 billion of ...
The lender's originations accounted for nearly 11.3 percent of all CMBS loans that were securitized through the end of September. In the latest quarter, it contributed $5.5 billion of loans to the market.
Commercial Real Estate Direct Staff ReportAn IStar Financial affiliate is tapping the securitized debt market to finance the $1.17 billion purchase of timber land from International Paper Co.IStar formed the affiliate, TimberStar of Atlanta, with two seasoned timber executives, Jerrold ...
Commercial Real Estate Direct Staff ReportSome of the CMBS sales orchestrated by Wachovia Bank two weeks ago were no doubt completed in order to help fund the bank's acquisition of Golden West Financial Corp., which was completed today.Two weeks ago, ...
Fitch Ratings has placed the $21.2 million class G of Morgan Stanley Capital I Inc., 1996-WF1, on rating watch for possible downgrade. The class is rated A.The action was prompted by a $6.24 million appraisal reduction on a collateral loan that ...
The buzz is that the commercial mortgage company has started soliciting investors who might be interested in buying its EnableUs operation. The unit offers software that is said to be the most widely used in the commercial mortgage servicing industry.
Wachovia Bank has a primary and master servicing portfolio of $270.6 billion, the largest, by a sizable margin, of all servicers ranked by the Mortgage Bankers Association. Behind it were Capmark Finance and Midland Loan Services.
Commercial Real Estate Direct Staff ReportDuring the first half of the year, JER Investors Trust had acquired lower-rated CMBS with a face value of $261.6 million, giving it a total portfolio of $1.1 billion.Its entire portfolio is comprised of bonds ...
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