Issuance of commercial mortgage bonds is falling behind the brisk pace set in 2013, but theres no shortage of demand and terms on deals continue to loosen as the market moves toward a wave of riskier refinancings in the next few years.
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Discover Bank priced an upsized $1.2 billion credit card-receivable securitization, according to a filing with the SECmore than double the $500 million originally on offer.
July 30 -
United Airlines priced over $1 billion of aircraft enhanced equipment trust certificates (EETC), according to deal documents.
July 30 -
The solar industry is still developing, but Mercatus CEO Haresh Patel has suggestions for banks that want to get in on it now.
July 29 -
Bank of America Merrill Lynch is preparing its next large loan transactionthis time backed by a first-class office building in Midtown Manhattan, according to a presale report by Kroll Bond Rating Agency.
July 29 -
Deutsche Bank's latest CMBS will offer investors securities backed by a standalone commercial real estate property. The capital structure will also offer notes backed by a pool of three large loans, secured by 17 properties.
July 29
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Discover Bank is readying its fourth credit card receivable-backed securitization of the year, according to a filing with the SEC.
July 29 -
Anastasia Davis Stull has joined NewOak Capital as a managing director in its credit services group.
July 29 -
Dollar Tree's acquisition of Family Dollar for $8.5 billion means that the number 15th and number 65th tenants in CMBS transactions may soon occupy less commercial real estate.
July 29 -
Nelnet priced $573 million of student loan securities backed by 100% Federal Family Education Loan Program collateral.
July 29 -
Silvermine Capital Management is back on the market with a $400 million collateralized loan obligation, according to a presale report published by Fitch Ratings.
July 29 -
Jim Irvine will join the Prytania Group as chief executive office starting in September.
July 28 -
Goldman Sachs plans to issue $542.8 million of commercial mortgage backed securities that are backed by eight loans secured by 59 properties, according to Kroll Bond Rating Agency.
July 28