Firms that offer loans to small-time landlords have been slow to tap the securitization market. So far there has only been one transaction with a public credit rating, in December 2016. Yet bundling these loans into collateral for bonds provides attractive financing.
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The German subsidiary of Spanish lender Santander Consumer Finance is planning its first auto loan securitization of the year.
June 5
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MFA Financial launched a debut offering of bonds backed by rehabbed loans Monday; several other firms have begun aggregating residential mortgages in preparation for possible securitization.
June 5
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The $319 million transaction is the fifth so far this year as an increase in international trade boosts demand and the cost of manufacturing new containers rises.
June 4
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Investors are lining up to buy bonds backed by the franchise fees of fast food chains, providing attractive financing for their private equity backers.
June 4
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Credit metrics in a $147.5 million deal deteriorated mildly compared with the lender's previous securitization, but the real issue, according to S&P Global, is a new repossession fee that eats into recoveries.
June 1
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Late payments on securitized commercial mortgages fell in May, bucking the trend of the past year. But all of the improvement came from office buildings.
June 1
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Domino’s Pizza, the restaurant and delivery chain owned by Bain Capital, is marketing $2.075 billion of notes backed by the fees and payments from its network 14,000 franchised stores.
June 1
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GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.
May 31
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A real estate investment fund controlled by Blackstone Group is tapping the commercial mortgage bond market to refinance a portfolio of 18 life science, laboratory and medical buildings.
May 31
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Center Parcs Group, a company that operates short-break vacation sites across England, plans to sell £830 million (US$1.06 billion) in bonds backed by its operational cash flow.
May 31
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The investment bank, which co-lead the lender's previous two transactions, contributed a portion of the collateral for the $232 million student loan securitization.
May 30
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CMSC 2017-FHA1 is the first transaction of 2017 from this issuance shelf, and the deal by anyone backed by reperforming FHA mortgages since 2010, according to Moody’s Investors Service.
May 30
