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The multiborrower CMBS deal includes 71 single-tenant properties, representing more than 40% of the pool.
By Glen FestMay 11 -
The bonds backed by the primarily non-prime unsecured receivables have preliminary ratings of BBB (low) from DBRS Morningstar and BBB- from Kroll Bond Rating Agency.
By Glen FestMay 10 -
The rental-car firm's next securitization of its rental car fleet is just the second since the COVID-19 outbreak in early 2020, and is buoyed by pent-up business and tourist travel demand for vehicle-rental services.
By Glen FestMay 10 -
Deals, trends and research in structured finance and asset-backed securities for the week of April 30-May 6
By Glen FestMay 6 -
The 30-acre luxury retail development is among four investment-grade-worthy loans included in the multiborrower deal.
By Glen FestMay 5 -
According to Moody’s Investors Service, nearly 73% of the 33-obligor pool for ACRES Commercial Realty 2021-FL1 are apartment buildings that lack current revenue streams due to property rehabilitation efforts or being under transition.
By Glen FestMay 4 -
Defaults and delinquencies are below pre-pandemic levels for online consumer loans held in securitization pools, but Fitch is concerned normalization may be shortlived as expanded unemployment benefits and other stimulus support programs draw to a close.
By Glen FestMay 4 -
The deal is CIBC's third series from the CARDS II master trust, and the second to issue U.S.-dollar denominated bonds.
By Glen FestMay 3 -
The 18.3% self-employment percentage of borrowers is below the combined 2020 and year-to-date 2021 average prime RMBS level of 19.3%, according to a presale report from Kroll Bond Rating Agency.
By Glen FestApril 30 -
Wisconsin Electric Power Co. will assign receivables from EC costs levied on monthly customer bill payments. The securitization strategy is expected to save ratepayers $41 million over traditional rate-based financing.
By Glen FestApril 30