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The 20 whole loans in the transaction are secured by Bridge's weakest-rated collateral pool to date, compared to three prior Bridge REIT deals.
By Glen FestJuly 17 -
Verus Securitization Trust 2019-INV2 is backed by investor loans secured by 1,042 rental properties. The loans were originated by 76 different lenders.
By Glen FestJuly 16 -
Occidental Management is sponsoring a single-asset, single-borrower deal through JPMorgan backed by the fee simple interest from receivables of a lease-buyback arrangement with Sprint Corp.
By Glen FestJuly 16 -
China has few alternatives to replace its dependence on the U.S. market for soybeans, its major U.S. agricultural export, according to Moody’s.
By Glen FestJuly 15 -
For the first time, the captive-finance lender has also opted to add SOFR-based benchmark rate "fallback" plans into one of its deals, which would stand in for one-month Libor should the London interbank offered rate becomes unavailable in 2021.
By Glen FestJuly 15 -
MPL securitizations have yet to face a credit-cycle test. The discussion over how they will handle one is intensifying.
By Glen FestJuly 14 -
The global structured credit investment firm is pricing its first European deal since opening a London branch last year. It announced the hiring of its first UK-based analyst team Tuesday.
By Glen FestJuly 2 -
The collateral consists mainly of older homes that average 53 years (with a range of one to 129 years old). None of CoreVest’s SFR transactions since launching the platform in 2015 have eclipsed that average.
By Glen FestJuly 1 -
Despite rising delinquency levels, borrower performance on the underlying mortgages in GSE credit-risk transfer securitizations is strong enough to warrant ratings upgrades to more than half of nearly 1,200 outstanding note classes.
By Glen FestJune 28 -
The global alternative asset manager is buying a majority stake in the investment advisory of CM Finance, which lends and makes equity investments in middle-market companies.
By Glen FestJune 27