Subject: Commercial MBS (CMBS)

Commercial Real Estate Direct Staff Report UBS and Barclays Capital last Friday saw spreads on certain classes of their $1.5 billion CMBS conduit transaction widen sharply. The deal, UBS-Barclays Commercial Mortgage Trust, 2013-C5, saw its benchmark class, rated AAA by ...

Commercial Real Estate Direct Staff Report The $35 million CMBS loan against the Doubletree by Hilton at JFK Airport in New York has transferred to special servicer Midland Loan Services, just eight months after being securitized. The loan was securitized ...

Commercial Real Estate Direct Staff Report Morgan Stanley has launched a $193 million CMBS deal backed by a senior mortgage against the Wilshire Courtyard, a 1 million-square-foot office complex in Los Angeles. The loan is senior to a $42 million ...

Commercial Real Estate Direct Staff Report The venture that owns the office space in Philadelphia's Wanamaker Building has retired its $57.3 million CMBS loan through defeasance, five months before it was coming due. The loan, securitized through Credit Suisse First ...

Commercial Real Estate Direct Staff Report Morgan Stanley and Bank of America have launched another CMBS conduit deal, the first to have an underwritten debt-service coverage level of 2.0x in more than five years. The transaction, Morgan Stanley Bank of ...

Commercial Real Estate Direct Staff Report The three CMBS conduits that are in the market were joined by a pair of deals, totaling $3 billion against a portfolio of 680 hotels owned by Extended Stay Inc. The flurry of supply ...

Commercial Real Estate Direct Staff Report Three CMBS conduit transactions hit the market this week as investors and other market participants returned from the Commercial Real Estate Finance Council's annual conference in Miami. The three deals - COMM, 2013-LC6, WFRBS ...

Hillenbrand Partners is looking to start buying CMBS B-pieces once again, according to a report in the Wall Street Journal. The Chicago investment manager, led by Eric M. Hillenbrand, previously had overseen CMBS B-piece investments for Banc One and its ...

Commercial Real Estate Direct Staff Report A $742.4 million CMBS loan against a portfolio of 19 properties owned by a venture of DRA Advisors and Colonial Properties Trust has been modified, with its term extended by two years to 2016. ...

The first CMBS conduit of the year priced today at the tightest levels in more than five years. The transaction, Morgan Stanley Bank of America Merrill Lynch Trust, 2013-C7, saw its benchmark class price at 72 basis points more than ...