GSMS 2015-GC34, is backed by 56 loans that are secured by 75 properties. Five of them, representing 34.1% of the pool, are split loans; they are backed by property that also serves as collateral for other loans outside the trust.
The loan backing GSCCRE Commercial Mortgage Trust 2015-HULA is secured by a single hotel, a private club and undeveloped land.
The transaction, called BBCMBS Trust 2015-STP, will be rated as a standalone CMBS since its backed by a single loan; however it benefits from the variety of tenants in the properties, ranging from retail, office and industrial properties.
The multifamily buildings securing JPMCC Mortgage Securities Trust 2015-UES include the Solow Tower and Town Houses on 265 E. 66th St.; One East River Place on 525 E.72nd St; One Sutton Place on 420 E. 61st St; and Rivers Bend on 501 E. 87th St.
As concerns mount about the riskier loans being packaged into commercial mortgage backeds, several banks have come up with a new strategy for making deals more attractive to investors. They are boosting exposure to both high quality and highly leveraged mortgages.
Regulation AB governs registration, reporting and disclosure requirements for all things asset-backed. The Securities and Exchange Commission appears to be ready to update it significantly, but, nearly four years after changes were originally proposed, its not clear exactly what the Commission will do.
The proposal would introduce dissemination of trade prices for securities ranging from highly liquid credit card and auto ABS to smaller and more esoteric deals in asset classes such as time shares, to commercial mortgage-backed securities (CMBS) and highly structured CDOs and collateralized loan obligations.
As July came to a close, it was clear to everyone at ASR that the structured finance market was not about to take a vacation.
DFG Taps Goldman Vet, Barclays Bulks Up on CMBS, Ares Adds Jeffrey Kramer and the ASF Retains Mike Williams as Policy Adviser
Could higher yields end up deepening the investor base for asset-backeds?
Firm: Broadmoor Consulting LLC
In the news: Marketplace Lenders Are a Systemic Risk
As concerns mount about the riskier loans being packaged into commercial mortgage backeds, several banks have come up with a new strategy for making deals more attractive to investors. They are boosting exposure to both high quality and highly leveraged mortgages.Current Issue