Commercial Real Estate Direct Staff Report The first CMBS deal of what is expected to be a robust first quarter has hit the market. The $1.4 billion transaction, Morgan Stanley Bank of America Merrill Lynch Trust, 2013-C7, is backed by ...
Commercial Real Estate Direct Staff Report The junior AAA class of Banc of America Commercial Mortgage Trust, 2007-1, was shorted $214,777 of the $1.2 million of interest it was due last month as a result of the low appraisal for ...
The $250 million CMBS loan against the 1.4 million-square-foot US Bank Tower in Los Angeles has been transferred to special servicing because it's expected to default. The loan's workout is complicated by a tax indemnification agreement that the property's owner ...
Commercial Real Estate Direct Staff Report JPMorgan Chase priced a $1.1 billion conduit yesterday, the last of the year. It benefited from a tightening of spreads that started earlier in the week. The transaction's benchmark AAA-rated class, with a balance ...
Commercial Real Estate Direct Staff Report The $68 million of CMBS debt against the EverBank Center, a 956,201-square-foot office building in Jacksonville, Fla., has been modified after the property's owner paid down the loan by $11 million. In addition, owner ...
Commercial Real Estate Direct Staff Report Freddie Mac has launched its 17th and final multifamily loan securitization of the year. The deal, FREMF, 2012-K023, will bring the housing finance agency's securitization total to $21.2 billion this year. In contrast, it ...
Commercial Real Estate Direct Staff Report The $124.5 million CMBS loan against Metropolitan Square, a 987,300-square-foot office building in downtown St. Louis, has been modified. The loan, which is senior to a $25.5 million B-note, suffered when it started amortizing ...
Deutsche Bank has made available on Bloomberg a pair of analytical tools for the CMBS and agency mortgage-backed securities markets. The investment bank's CMBS Credit Model allows investors to assess how bonds would react under three pre-determined scenarios - base, ...
Commercial Real Estate Direct Staff Report The settlement of claims that tenants at Manhattan's Stuyvesant Town/Peter Cooper Village apartment complex were overcharged should bring resolution of the property's $3 billion of CMBS debt closer to reality. CWCapital Asset Management will ...
Commercial Real Estate Direct Staff Report LNR Partners' conduit-lending unit expects to double the volume of its mortgage originations next year to $1.5 billion. The unit, Archetype Mortgage Capital, only started lending last year. It is led by president Larry ...
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