The $558 million deal is backed by a floating rate, interest-only, loan that has a two-year term with three 12-month extension options. The issuer has also removed its cap on the aggregate percentage of eligible tenants (defined as tenants with a 40% rent to income ratio) in the latest transaction.
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Two whole business securitization deals totaling $550 million priced at attractive levels despite the recent widening experienced by other asset classes this week.
August 14 -
Macquarie Equipment Finance plans to issue $285.7 million in securities backed by commercial leases on various types of information technology, medical, and business-use equipment.
August 14 -
Deutsche Bank and Cantor Fitzgerald priced $1.1 billion commercial mortgage backed securities several basis points wide of initial guidance.
August 14 -
South Carolina Student Loan Corp. priced the $501 million SCSLC 2014-1 transaction that is backed by student loans guaranteed by the U.S. under the Federal Family Education Loan Program.
August 14
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Moody's Investors Service is proposing to update its U.S. prime residential mortgage-backed securities ratings approach to take into account additional criteria relevant to seasoned loans, including an evaluation of representations and warranties.
August 13 -
Analysts at Bank Of America Merrill Lynch said in a report this week that macro economic events coupled with deteriorating underwriting standards in CMBS and a heavy issuance calendar has led to more tiering in CMBS pricing in recent weeks.
August 13 -
Honda Motor Co. priced $1 billion in securities backed by new and used Honda and Acura automobile, light truck and utility vehicle loans, according to a deal document.
August 13 -
The Federal Housing Finance Agency provided its first specifics Tuesday on how it intends to create a single security for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.
August 13
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Fitch Ratings plans to look more closely at the representations and warranties, documentation and performance history of re-performing loan pools and some seasoned performing pools from secondary market sources.
August 12 -
Barclays will underwrite a commercial mortgage-backed securitization backed by a single loan that is secured by a portfolio of office properties owned by Blackstone Real Estate Partners, according to Morningstar.
August 12 -
Timeshare operator Orange Lake Country Club priced a $148.76 million timeshare loan securitization wide of levels paid by Wyndham Worldwide, the latest timeshare operator to come to market.
August 12
