The currently marketing $1.2 billion, UBS and Barclays’ conduit gets the distinction of being the first U.S. CMBS to include a non-U.S. domiciled asset, according to BofA Merrill Lynch.
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The Morgan Stanley Bank of America Merrill Lynch Trust is marketing a $1.5 billion CMBS certificates transaction. MSBAM 2013-C10 certificates represent the beneficial interests in a pool of 75 commercial mortgage loans secured by 87 properties. The certificates follow a sequential-pay structure.
June 14 -
SNL reports that, in some cases, it’s not just the attractive yield or familiarity with the asset class, but a desire for exposure to the commercial loan backing these securities.
June 14 -
Ocwen Financial (OCN) is buying mortgage servicing rights and related servicing advances from OneWest Bank in Pasadena, Calif., for $2.5 billion.
June 14 -
The securitization conference season just added Oct. 27 to 29 to its calendar with the International Institute for Business Information & Growth’s inaugural consumer finance symposium at the Cosmopolitan of Las Vegas.The securitization conference season just added Oct. 27 to 29 to its calendar with the International Institute for Business Information & Growth’s inaugural consumer finance symposium at the Cosmopolitan of Las Vegas.
June 13 -
In an otherwise slow week for commercial mortgage-backed securities, Deutsche Bank and Citigroup are marketing a $775 million deal backed exclusively by hotels.
June 13
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DriveTime Automotive Group priced its $237 million securitization backed by subprime auto loan receivables.
June 13 -
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While Clean Power Finance and others are focused on residential solar financing, Mercatus (formerly SCS Renewables) has turned its attention to what it calls “the next big growth opportunity”: securitization funding for commercial and industrial solar projects.
June 12
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ALBIS Mobil Lease GmbH, UTA Leasing GmbH, and Kögel Leasing GmbH plan to issue up to €147.23 million backed by leases made to the German small and midsize enterprise (SME) sector .
June 12 -
Pricing on Ohio’s FirstEnergy utility securitization are expected to price on the tight end of guidance on the back of the historically low rates for benchmark U.S. Treasury and U.S. Agency debt.
June 12 -
Freddie Mac is marketing multifamily mortgage-backed securitizations for a combined total of approximately $3.5 billion.
June 12 -
Sallie Mae closed a new, $6.8 billion credit facility that will allow it to exit the Straight A funding program ahead of schedule.
June 12
