CMBS

Toys “R” Us issued a £263. 2 million commercial mortgage-backed securitization, according to a Standard & Poor’s presale report.

Both the rate of cumulative defaults and the size of newly default loans in the CMBS market continue to decline.

The notes are backed by one commercial mortgage loan totaling $200 million secured by the fee and leasehold interest in 123 Red Roof Inn hotels across 29 states.

STORE Capital Corp. issued its $218.5 million commercial net lease mortgage-backed securitization, pricing the shorter dated, single-A notes at tighter levels than its March transaction.

A drop in the haircuts applied to securitizations used for collateral funding from the European Central Bank (ECB) is a positive for the sector, according to analysts at Bank of America Merrill Lynch.

All tranches of the transaction, GSMS 2013-GC13, priced five basis points guidance, with the exception of the final tranche, which priced in line with guidance.

For the first time since the financial crisis, the market of private label commercial mortgage backed securities is more active than those deals coming from government-sponsoredf agencies.

The Series 2013-2 notes are backed by 406 commercial real estate properties across various industry sectors, including related rents due under triple-net leases and hybrid leases with the properties' tenants.