The deal, AOA 2015-117, is collateralized by a $360 million, seven-year loan underwritten by Cantor Commercial Real Estate Lending, L.P. (CCRE) and German American Capital Corporation, a Deutsche Bank subsidiary, on Dec. 4, 2014.
The three loans Calvino Loan, Globe Loan and Fashion District Loan have an aggregate balance of 301.5 million.
Citigroup and Goldman Sachs are marketing the $1.2 billion CGCMT 2015-GC27; Deutsche Bank and Cantor Fitzgerald are behind the $1.2 billion COMM 2015-LC19.
As part of a settlement with the Securities and Exchange Commission and the New York and Massachusetts Attorneys Generals offices, the ratings agency is also paying $77 million in fines.
Standard & Poor's will be suspended for a year from rating bonds in one of its most lucrative businesses in a $60 million settlement with the U.S. Securities and Exchange Commission, according to a person with knowledge of the matter
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?
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
The $300 billion of CMBS maturing over the next three years will test the recovery of the capital markets.Current Issue