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.

Newtek Business Services is preparing a $20.9 million securitization of small business loans, its first in three years.

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.

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.

Tighter spreads on Spanish covered bonds has not appreciably mitigated the risk of holding this paper,

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.

Insurer AIG is buying whole mortgage loans; it has no plans to do any direct lending of securitization.

Morgan Stanley plans to issue a $160.0 million CMBS large loan transaction backed by Altamonte mall located in Altamonte Springs, Florida.

Enterprise Fleet Management is planning a $700 million fleet lease securitization, according to ratings agency presale reports, its first of the year.

Delinquencies on securitized timeshare loans increased to 3.55% in the fourth quarter of from 3.28% in the third quarter, according to the latest index results from Fitch Ratings.

JP Morgan Securities is marketing a $399 million collateralized loan obligation for Greywolf Capital Management, the firm's first deal since the financial crisis.