Subject: Commercial MBS (CMBS)

Mission Peak Capital, a real estate investment and advisory shop that was founded during the depths of the Global Financial Crisis, has acquired a stake in the U.S. operation of Mount Street Group, with plans to substantially increase its mortgage ...

Three large mall loans in a 2012 CMBS transaction recently have been hit with significant appraisal reduction amounts, a harbinger that the deal, UBS-Barclays Commercial Mortgage Trust, 2012-C2, could eventually suffer substantial losses. The loans have been hit with a ...

Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded all the bond classes of COMM, 2013-GAM, a CMBS transaction backed by a $259.5 million loan against the Green Acres Mall in Valley Stream, N.Y. The rating agency ...

The volume of CMBS loans in special servicing declined yet again last month, to $51.11 billion, according to Trepp LLC. That's down 1.64 percent from the $51.96 billion of loans that were in special servicing in February. Hotel and retail ...

Commercial Real Estate Direct Staff Report Braemar Hotels & Resorts Inc., which owns 13 luxury hotels in six states, said revenue per available room last month amounted to $204, for an increase of 90 percent over last year. However, that ...

Domestic, private-label issuance totaled $15.4 billion during the first quarter, down nearly 30 percent from the $21.55 billion issued during the same period a year ago. Barclays Capital was the quarter's most-active bookrunner, with $2.3 billion of deals, or 15.4 ...

Commercial Real Estate Direct Staff Report The CMBS delinquency picture continued to improve in March, with the volume of loans that are more than 30 days late with their payments declining by more than $1.1 billion to $35.66 billion, according ...

Commercial Real Estate Direct Staff Report Starwood Property Trust last year funded $1.9 billion of commercial real estate loans, with $1.1 billion of that occurring after the first quarter, increasing its loan portfolio to $10.2 billion. Overall, the company invested ...

Investec Real Estate Cos. has sold Gene Autry Plaza, a 60,822-square-foot retail center in Palm Springs, Calif., for $23.4 million, or nearly $385/sf. The Santa Barbara, Calif., company, which had developed the grocery-anchored property, at 5001 East Ramon Road, in ...

Commercial Real Estate Direct Staff Report Mortgage lender 3650 REIT has broadened its playbook. The Miami company was formed in 2018 to provide debt capital to property owners. It originates long-term, fixed-rate loans that it funds through the CMBS market, ...