CMBS

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.

The Trepp CMBS delinquency rate posted a 47 basis point drop in April, its lowest reading in more than two years.

CMBS special servicers had a busy April, liquidating $1.62 billion in loans, according to a Tuesday Trepp report.

Office loans in CMBS have the highest default rates for the second year running, according to Fitch Ratings.

Fitch Ratings is concerned with the spike in issuance of large-loan commercial mortgage-backed securities (CMBS) in the U.S.

JP Morgan will issue $505 million of notes backed by the beneficial interests in a pool of four commercial mortgage loans backed by 82 properties.

Non-performing loans collateralized by commercial properties in Germany, the U.K., Ireland and Spain are attracting buyside interest, according to Ernst & Young’s 2013 NPL report.

Wells Fargo and RBS priced the $785.7 million, WFRBS 2013-C13 fixed rate CMBS conduit yesterday at tighter spread levels than earlier April prints.