Subject: Defeasance (DEF)
CMBS Loan Defeasance Nears 2019’s Pace; Negative Premiums Seen
A total of 983 CMBS loans with a balance of $11.01 billion have been defeased so far this year, according to Trepp Inc. That's a volume last seen before the coronavirus pandemic had struck. For all of last year, in ...
$128.2Mln CMBS Loan Against Houston’s KBR Tower Defeased
Houston Business Journal The $128.2 million loan against Houston's KBR Tower has been defeased, or had its collateral replaced with government securities. The loan, securitized through UBS-Barclays Commercial Mortgage Trust, 2012-C4, matures in December and pays a coupon of 3.845 ...
Simon Late Last Year Defeased $823.88Mln of CMBS Loans on 9 Malls
Simon Property Group last December paid $1.16 billion to retire, through defeasance, $823.88 million of CMBS loans against nine properties. The loans, which were set to mature this year or next, paid a weighted average coupon of 3.73 percent. Meanwhile, ...
CMBS Defeasance Activity in 2021 Jumped 57 Percent to $9.1Bln
The volume of CMBS loans to have been defeased, or had their collateral replaced by government securities, jumped by 57 percent last year to $9.1 billion from $5.8 billion in 2020, according to Kroll Bond Rating Agency. Last year's volume ...
2020 Defeasance Volume Plunges by 56 Percent, Despite Super-Low Interest Rates
Despite historically low interest rates, defeasance volume in the CMBS market plunged last year to $6.8 billion from $15.3 billion in 2019, according to Trepp LLC. That no doubt was driven by the reluctance from investors to complete sales transactions. ...
266,000-SF Warehouse Proposed for Hialeah Gardens, Fla.
South Florida Business Journal The Easton Group has paid $8.2 million for a development site in Hialeah Gardens, Fla., where it plans to build a 266,000-square-foot distribution warehouse. The industrial project is being built on a 10.4-acre site at the ...
December Saw $2.5Bln of CMBS Loans Get Defeased, Taking 2019 Volume to $15.31Bln
The volume of CMBS loans that were defeased, or replaced by government securities, last year increased by 57 percent from the year before, to $15.31 billion. December was especially active, with 77 loans totaling $2.5 billion getting defeased.
CMBS Defeasance Activity Skyrockets to $17.8Bln in 2018
Commercial Real Estate Direct Staff Report The continued escalation in prices for apartment properties drove a 46 percent surge in defeasance volume last year, to $17.8 billion, according to Moody's Investors Service. A total of $8.5 billion of that volume ...
CMBS Defeasance Activity Nose Dives As Maturity Wall Is Hurdled
Only 413 CMBS loans with a balance of $5.9 billion were defeased, or replaced by government securities, last year through the end of November.
Vacant Hotel in Dallas Sold; Renovations Planned
Dallas Business Journal The Siegel Group Nevada Inc. has bought the 241-room Regency Hotel in Dallas. Eshnam Hospitality LLC sold the vacant property at 11350 LBJ Freeway and was represented by Beam Real Estate LLC. Siegel, of Las Vegas, obtained ...
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