March 1, 2004 Commercial Real Estate Direct Staff ReportLNR Property Co. (NYSE:LNR), one of the most active players in the market for subordinate CMBS, paid $400 million for bonds with a face value of $730 million during the 12 months ...
Even though $60 billion of mortgages are either eligible for repayment this year or will mature, analysts don't expect that will result in heavy borrower demand. After all, only $3.8 billion of loans that were open to prepay last year ...
February 19, 2004 Moody's Investors Service has affirmed the ratings of Freehold Raceway Mall Trust, 2001-FRM, a CMBS deal that is backed by a mortgage on a 1.4 million-square-foot mall in New Jersey.The property, in Freehold, N.J., has seen a ...
February 3, 2004 Domestic CMBS issuance should reach $80 billion this year, slightly surpassing last year's record $77.8 billion, due in part to continued low interest rates, predicted Moody's Investors Service.Another factor that would contribute to the record issuance is ...
January 16, 2004 Commercial Real Estate Direct Staff ReportThe Commercial Mortgage Securities Association's annual investors' conference in Miami earlier this week drew a record crowd.Some 1,200 people attended the conference, which was held at the Loews Miami Beach hotel in ...
January 8, 2004 Commercial Real Estate Direct Staff ReportLNR Property Corp., among the most active players in the CMBS B-piece market, paid $46.7 million for below investment grade CMBS with a face value of $100.2 million during the three months ...
December 30, 2003 Commercial Real Estate Direct Staff ReportING Clarion is said to have circled the B-piece of a $1 billion CMBS conduit planned by J.P. Morgan Chase and Nomura Securities for late next month or February.The investment manager acquired ...
The Needham, Mass., company, which got into the CMBS B-piece market only five months ago, has circled its second B-piece investment. It is putting together a one-stop shop that could provide all the pieces of a property's capital structure.
A total of 1.527 percent of all securitized commercial mortgages were delinquent last month, according to data from Realpoint. The volume of loans in special servicing totals $10 billion, or nearly 3 percent of the entire CMBS universe.
December 10, 2003 Commercial Real Estate Direct Staff ReportAllied Capital Corp.'s CMBS portfolio provided it with a yield of 12.9 percent for the nine months ended Sept. 30.That's lower than the 14.5 percent yield its portfolio provided it for the ...
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