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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.
By Glen FestMarch 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 -
The $209.7 million FCI Funding 2019-1 also features unusually high exposure to vacant land, which is generally considered to be a riskier asset than residential or commercial property.
March 12 -
Nearly half of the collateral for the $268 million Bunker Hill Loan Depositary Trust 2019-1 is secured by investor properties.
March 12 -
The Blackstone-backed company obtained a $530 million mortgage from Goldman Sachs and JPMorgan Chase secured by 18 industrial cold storage facilities.
March 11 -
The online lender is taking advantage of the cheaper funding this could provide to refinance a $610 million facility that does not expire for another year.
March 8 -
Bancorp 2019-CRE5 contains 46 loans on apartment buildings accounting for 82.4% of the collateral pool; that's up from 78.8% for the sponsor's prior deal.
March 8