CMBS

The data center is fully leased and is completely occupied by a single hyperscale tenant, which has an AA-' rating, under a long-term lease agreement.

The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.

Refinancing activity continues to build on last year's momentum, despite some divergence among property types.

Any additional securities that the transaction issues will rank equally with the class that has the same class designation.

A five-year-loan is financing Lyrik, a 495,275-square-foot, 20-story office tower, plus 38,012 square feet of retail space in Boston's Back Bay area, a premiere office submarket.

Basel III recalibration cuts commercial real estate risk weights, unlocking $100 billion in bank lending capacity.

The mortgage's proceeds, with $518 million of cash equity contributed by the sponsor, will also be used to buy Hawaii-based Alexander & Baldwin, a commercial property REIT.

Classes A through SB will receive principal until the balance is reduced to its intended level, then tranches A1, A4, A5 and A-SB certificates will receive principal payments sequentially.

The SASB refinances a $900 million whole loan securitized through LBTY 2016-225L, for renovations and modernizations.