A consortium including GPP and TIAA has obtained a $500 million mortgage on a 672,581- square-foot portion of the 2.7-million-square foot Ala Moana Center in Honolulu.
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The London interbank offered rate will likely be replaced by a new reference rate that critics say is better suited for the derivatives market than it is for commercial lending.
May 28
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Default risks in retail and media leveraged loans have also risen to the forefront of CLO manager concerns, which a few years ago were centered on oil and gas exposure.
May 24
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The remarks by the comptroller of the currency came as his agency released a new report on emerging risks in the banking industry.
May 24
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Despite concerns about credit quality, the only constraints on new issuance appear to be the supply of loan collateral and the capacity of warehouse facilities and rating agencies.
May 24
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After a long and ultimately successful battle to exempt managers from risk retention rules, it may be hard to engage participants in the search for a suitable replacement for Libor.
May 24
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Unlike several recent transactions by other solar panel financiers, which were backed by loans, the $347.5 million Vivint Solar Financing 5 is backed by leases and power purchase agreements.
May 24
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Issuance is strong and defaults remain low; yet CLO market participants are concerned about heavy debt loads of the companies they invest in, as well as the lack of investor protections.
May 23
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In the continued absence of legislation, Fannie Mae and Freddie Mac’s regulator announced work on a new capital framework.
May 23
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It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.
May 23
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The as-yet unsized Volta VI is backed by a tariff on all users of electricity in the nation; it is designed to help EDP, the largest utility, recover the costs of supporting renewable electricity.
May 23
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Government-sponsored enterprises Fannie Mae and Freddie Mac are in a race to offer services and technology that help mortgage bankers raise cash from mortgage servicing rights.
May 23
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The $650.5 million transaction is also slightly more geographically concentrated in California and New York, and a higher proportion of the loans were originated through correspondent and broker channels.
May 23
