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Many of the credit characteristics of Verus 2019-INV1 are similar to those of the deal Invictus completed in December, but the loans are less geographically concentrated.
March 21 -
Unusually, all of the loans in the $374 million transaction were purchased from a single originator, Impac Mortgage.
March 20 -
The loans in CIM Trust 2019-INV1 are conventional mortgages made to investors either for business purposes (85.6%) or cash-out refinancing for personal use (14.4%), according to DBRS.
March 19 -
Retail Value Inc, which was spun off from SITE Centers last year obtained a $900 million mortgage from three banks on the 25 assets in 14 states and Puerto Rico
March 18 -
The deal gives ELAD, part of Israel's Tshuva Group of companies, its first industrial assets in U.S.; the 48 properties are located across eight states and 10 different markets.
March 18 -
The company spun out of DriveTime is paying for the privilege, however; it's offering 50.3% credit enhancement on the senior notes of the $338 million deal rated by Kroll.
March 15 -
The company controlled by Emerald Development Managers has already ceased originating; S&P has notes from a 2016 securitization on watch and Kroll is monitoring the situation.
March 14 -
The collateral for Towd Point Mortgage Trust 2019-SJ2 consists of 26,869 seasoned performing and reperforming loans with an average balance of $40,428.
March 14 -
Five EETCs totaling $3.9 billion have exposure to the type of jet involved in Sunday's crash; but there are none in lease ABS, which could benefit from higher valuations of replacement aircraft.
March 13 -
DBRS and Kroll Bond Rating Agency also rate commercial real estate collateralized loan obligations, as does Moody’s Investors Service, though Moody’s rates only the senior tranche of deals
March 12
