Westgate Resorts is planning a $94 million securitization of timeshare loans, its third transaction for 2012, according to a presale report by Standard & Poor’s.
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American Tower priced $1.8 billion of bonds tied to wireless towers; the five-year tranche pays a fixed rate of 1.551%.
March 7 -
Wells Fargo and RBS priced WFRBS Commercial Mortgage Trust 2013-C12, a $1.2 billion conduit backed by 100 commercial mortgage loans secured by 138 properties.
March 7 -
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.
March 7 -
Newtek Business Services is preparing a $20.9 million securitization of small business loans, its first in three years.
March 7 -
Vericrest Financial announced that former Nationstar vice president of production and securitization veteran, Joe Anderson has been appointed Chairman and Chief Executive Officer, effective immediately.
March 7
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Ares Capital is preparing a collaterlize loan obligation that will acquire 70% of its intitial portfolio through a participation agreement with one of the firm's other funds.
March 6 -
Tighter spreads on Spanish covered bonds has not appreciably mitigated the risk of holding this paper,
March 6
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Cars and trucks are likely to depreciate to a greater degree this year, though not enough to present any major obstacles to U.S. auto loan and lease securitizations, according to a new report developed by Black Book and Fitch Ratings.
March 6 -
Insurer AIG is buying whole mortgage loans; it has no plans to do any direct lending of securitization.
March 6 -
Morgan Stanley plans to issue a $160.0 million CMBS large loan transaction backed by Altamonte mall located in Altamonte Springs, Florida.
March 5 -
Enterprise Fleet Management is planning a $700 million fleet lease securitization, according to ratings agency presale reports, its first of the year.
March 5
