Trepp reported today that the $72 million Kings' Shops CMBS loan modified in an A/B note structure, saw the B portion of the note written off entirely.
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A lawsuit filed yesterday against Nationstar Mortgage LLC aims to stop the servicer from future auctions of mortgage notes of delinquent loans backing residential mortgage securities via the website www.auction.com.
March 8 -
RBS Securities is arranging a $400 million collateralized loan obligation for Denali Capital LLC, according to a presale report from Moody’s Investors Service.
March 8 -
Cabela's priced $385 million of private label credit card ABS; the A-rated senior tranche pays a fixed 2.71%.
March 8 -
Senior CLO noteholders awake to the strong possibility that recent vintage deals could be called, and are taking steps to mitigate the risk, according to analysts at the Royal Bank of Scotland.
March 7 -
American Airlines, Inc. issued two tranches of enhanced equipment trust certificates this week while it is still operating under Chapter 11 court supervision.
March 7
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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
