At closing on Aug. 15, a total of $309 million of investment grade bonds were sold to third parties at an initial weighted average coupon of LIBOR plus 145 basis points.
Chalkhill Partners plans to issue a large loan, agency style U.K. CMBS that is secured by student housing, according to a Standard & Poors presale report.
After commercial mortgage-backed security delinquencies declined for 15 straight months, this streak came to an end in July.
The wider pricing on American Residential Properties debut $342.2 million single-family rental (SFR) bond shows that investors continue to pull back on the aggressive pricing the bonds experienced at the start of the year.
The Deutsche Bank, Morgan Stanley and Citigroup led BHMS 2014-ATLS Mortgage Trust priced $1.0 billion of securities backed by a single loan secured by the Atlantis Resort hotel in Paradise Island, Bahamas.
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
As more and more Chinese gain the financial access to buy a car with a loan, lenders will look increasingly to securitization to keep origination going.Current Issue