The $94 million deal has a significantly higher REO exposure than the last five non-performing loan transactions rated by Kroll Bonds Rating.
With COMM 2014-CCRE17, the volume of CMBS deal marketing this week hits $4.3 billion.
The banks WFRBS 2014-C20 transaction is backed by 98 fixed rate commercial mortgage loans that are secured by 142 properties.
The banks' JPMBB 2014-C19 CMBS conduit is backed by 61 commercial mortgage loans that are secured by 100 properties.
The bank is marketing a $449 million floating-rate deal backed by 25 commercial mortgage loans.
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?
The commercial mortgage-backed securities markets near miraculous turn around and the bonds plunging spreads, as well as indications of deteriorating credit quality, suggest buyers should beware.
By tweaking one aspect of its methodology for rating securitizations, Moodys Investors Service has set the stage for more downgrades of deals issued out of peripheral Eurozone countries.