July 29, 2003 Allied Capital Corp. (NYSE:ALD), one of the major buyers of CMBS B-pieces, said it invested $93.6 million in five CMBS deals during the three months ended June 30.Of that amount, $71.8 million was invested in bonds rated ...
The New York investment firm has started accumulating what will be $500 million of real estate securities, largely CMBS and REIT debt, for a collateralized debt obligation it plans to bring to market later this quarter.
The investment firm is offering a $400 million collateralized debt obligation that is comprised largely of investments in REIT unsecured debt, CMBS with ratings of triple-B and double-B.
June 4, 2003 Commercial Real Estate Direct Staff ReportCredit Suisse First Boston has come to market with its $1.7 billion conduit – the largest CMBS deal so far this year. The deal has been rated by Moody's Investors Services, Fitch ...
June 3, 2003 Merrill Lynch Mortgage Lending Inc. has implemented MortgageRamp's DealCentral platform to manage and process all of its securitized commercial mortgage lending online.DealCentral also includes a secure business-to-business platform to enable deal partners to collaborate and exchange data ...
GMAC Commercial has re-entered the CMBS B-piece market this year, grabbing the junior classes of three upcoming conduits.
May 2, 2003 By Rhonda L. Lipschutz, Commercial Real Estate Direct Staff WriterSecondary CMBS trading was active this week as most desks saw bid lists with five-year and 10-year triple-A bonds, spreads for which have continued to tighten.Meanwhile, on the ...
May 2, 2003 By Rhonda L. Lipschutz, Commercial Real Estate Direct Staff WriterA total of eight lenders will contribute to the collateral pool of a $1 billion CMBS deal that Morgan Stanley is planning for later this month or early ...
April 30, 2003 Commercial Real Estate Direct Staff ReportThe CMBS delinquency rate climbed to 1.426 percent in March from 1.371 percent the month before. And the dollar volume of delinquencies has grown to its highest level in more than a ...
April 30, 2003 By Rhonda L. Lipschutz, Commercial Real Estate Direct Staff WriterIStar Financial Inc. has launched its third CMBS issue: a $763 million deal backed by 26 loans.The deal, iStar Asset Receivables Trust, 2003-1, is being underwritten by Deutsche ...
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