In its new 2016-4 transaction, Towd is collateralizing 3,383 formerly troubled loans with a pool balance of $649.21 million into a nine-note structure. The pool includes 39% dirty current loans, or those which are paid up-to-date, but have had a recent delinquency or incomplete paystring.
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Blackstone Real Estate Partners is tapping the securitization market for a cash out refinancing of The Cosmopolitan Las Vegas hotel and casino.
October 30 -
The risk premium that investors demand for holding CLOs continues to decline as refinancing activity continues to dominate the new issuance, and the trend looks set to continue heading into the final two months of the year.
October 30 -
A market that some Ginnie Mae issuers tap to help finance their mortgage operations has a dwindling number of investors.
October 30
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Issuance volume of asset-backed securities for the year through October 28, 2016.
October 28 -
Underwriting league tables for asset-backed securities for the year through October 28, 2016.
October 28
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Ygrene Energy Fund has emerged with its long-anticipated first securitization of Property Assessed Clean Energy (PACE) bonds that finance residential and commercial energy efficiency improvements and upgrades.
October 27 -
Global aircraft lessor ALC is making a trip to the securitization market to refinance 19 aircraft on lease to 16 airlines located in 13 countries.
October 27 -
A new $1.12 billion CMBS deal being marketed by JPMorgan and German American Capital Corp. includes notes backed by a portion of a loan backing the 51-story 10 Hudson Yards office building, part of the largest-ever private real estate development in the U.S.
October 27 -
A Washington, D.C.-based startup that finances higher education in the U.S. for international students announced a $6 million equity funding round.
October 27 -
Huntington Bancshares, which hasnt made a trip to the securitization market since June of last year, will be offering $2.6 billion in bonds backed by auto and commercial loan receivables during the fourth quarter.
October 26 -
Deutsche Bank is securitizing a $710 million mortgage backed by a portfolio of 155 skilled nursing, assisted and independent living facilities with 18,870 licensed beds, in 20 states.
October 26
