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The first-time securitization by the online commercial-finance will involve more than half of the San Francisco-based company's managed accounts portfolio.
By Glen FestMarch 26 - LIBOR
The act, yet to be signed by Gov. Cuomo, aims to resolve the difficult problem of how to fairly compensate floating-rate investors in instruments for which the London interbank offered rate is no longer published.
By Glen FestMarch 25 -
Pretium Partners and Ares Management recently closed on a $2.5 billion acquisition of SFR owner/operator Front Yard Residential Corp., in a deal first announced last October.
By Glen FestMarch 24 -
A PIMCO-sponsored HELOC securitzation, as well as a mortgage-insurance linked transaction, are the latest examples of issuers getting a head start on switching to an expected replacement benchmark for Libor.
By Glen FestMarch 22 -
The $1.18 billion deal is also the first to include Tesla’s mid-range Model Y vehicle (with an MSRP of $54, 119) that makes up 36% of the securitized value of the TALT 2021-A pool, according to a presale report from Moody’s Investors Service.
By Glen FestMarch 22 -
Deals, trends and research in structured finance and asset-backed securities for the week of March 12-18
By Glen FestMarch 18 -
The Blackstone-affiliated company recently took out a cash-out refi mortgage for a 17-property portfolio, an opportunity aided by high demand for its R&D facilities for COVID-19 research.
By Glen FestMarch 17 -
The sponsor has refrained from multi-borrower deals since March 2020, but has pooled together 28 loan participations from 40 properties – including notable concentrations in retail and lodging.
By Glen FestMarch 16 -
Carvana will use proceeds to pay down existing debt and to fund general corporate purposes.
By Glen FestMarch 15 -
Deals, trends and research in structured finance and asset-backed securities for the week of March 5-11
By Glen FestMarch 12