The $270 million LCCM 2013-GCP Mortgage Trust is backed by a $275.0 million loan secured by the fee interest in Grand Central Plaza, an office building and free-standing restaurant in New York, N.Y.
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Private mortgage insurance companies and mortgage REITs are willing to take first-loss positions on government-backed MBS, according to Mortgage Bankers Association chief executive David Stevens.
May 16 -
JP Morgan plans to issue a $510 million, commercial mortgage-backed securitization deal backed by Marriott hotel properties called JP Morgan Chase Commercial Mortgage Securities Trust 2013-JWRZ.
May 16 -
Nissan Motor Acceptance Corporation priced its upsized $1.25 billion auto lease backed securitization deal called Nissan Auto Lease Trust 2013-A. The deal was originally sized at $800 million.
May 16 -
JP Morgan Chase plans to launch two credit card ABS transactions for a total of $1 billion.
May 15 -
Comenity Bank, formerly World Financial Network Bank priced its triple-A notes from private label credit card ABS Series 2013-B on Tuesday.
May 15
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“Persistent economic concerns” may slow the pace but won't stop improvements in commercial real estate performance throughout 2013, according to Moody's Investors Service.
May 15 -
CarFinance Capital, the subprime auto lender owned by private equity firm Perella Weinberg Partners, is planning a $253 million securitization, according Kroll Bond Rating Agency.
May 15 -
Macquarie Bank upsized its senior note offering from its auto lease-backed ABS targeting U.S. investors to $750 million from $500 million.
May 15 -
Annual payments into the tobacco Master Settlement Agreement for 2003-2012 increased this year to $7.5 billion from last year's $6.15 billion, according to Standard & Poor’s.
May 15 -
Cantor Fitzgerald said today it has added four structured credit professionals and is planning expand the business to underwrite new collateralized loan obligations in the U.S. and Europe.
May 15 -
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Ratings rotation was advocated by some panelists at a talk a convened by the Securities and Exchange Commission on a credit rating assignment system as envisaged by Section 939F of the Dodd-Frank Act, also known as the Franken Amendment.
May 14
