CMBS

Bank of America Merrill Lynch priced its German multifamily CMBS Taurus 2013 (GMF 1) plc on Thursday, showing some green shoots of recovery for that market.

Oaktree Capital Group reported its first quarter financial results on Tuesday and said that it has launched a commercial mortgage-backed securities investment fund.

A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America.

More CMBS paper is on the way with the latest issue coming from the Goldman Sachs, Citigroup and Jefferies as joint lead managers on the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.

Citigroup plans to issue a $439.8 million single borrower CMBS transaction called CGCMT-375P.

A global settlement between MBIA and Bank of America is positive for MBIA-wrapped non-agency mortgage-backed securities, according to Barclays.

Lawrence Ceriello has joined Morrison & Foerster’s real estate finance group in New York as a partner.

The percentage of loans paying off on their balloon date registered 64.6% -- eight points above the March reading of 56.6%, according to the Trepp April payoff report,

Sabal Financial Group expanded its commercial mortgage-backed securities business with the launch of a transaction support services division called Sabal Commercial Advisors.

The primary market for CMBS deals remained relatively quiet on Thursday with only two new deals marketed this week.