Värde Partners, a Dallas-based firm with over $12 billion in existing or previously distressed acquisitions, has pooled 201 of commercial, vacant land and residential properties in the $348.2 million VSD 2017-PLT1 asset-backed transaction rated by Kroll Bond Rating Agency.
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Westgate Resorts is readying $175 million of notes backed by timeshare loans, according to DBRS.
March 28 -
Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.
March 28
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Banco Bilbao Vizcaya Argentaria (BBVA) and Banco Popular Español are securitizing consumer loans issued in Spain. Banco Popular's 510 million two-year revolving securitization is its first-ever in its home country.
March 28 -
The Rhode Island Student Loan Authority (RISLA) is issuing $50.26 million in new revenue bonds backed by a pooling of new and consolidated loans to be originated through the states private loan program.
March 27 -
Trade-ins represent a growing risk for auto lenders, according to Moody's Investor Service.
March 27
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Citigroup has launched the first offering of commercial mortgage bonds in a week.
March 24 -
Investcorp Credit Management EU is debuting its first European CLO since announcing its acquisition of the debt management business from 3I Group last October.
March 24 -
Competition for leveraged loans is tough, and thats forcing some of the biggest buyers to tap new sources of financing.
March 24
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The LSTA pointed to recent research reports noting that outsized exposure to certain troubled retail apparel and department stores has expanded for collateralized loan obligations.
March 24 -
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Global distressed debt fund manager King Street Capital Management is issuing its first collateralized debt obligation ever.
March 23 -
Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.
March 23
