CMBS

More non-traditional CMBS deals are expected to hit the market said industry sources at on day two of the Commercial Real Estate Finance Council’s annual industry conference in Miami.

Fitch Ratings projected on Thursday that structured finance issuance in Europe would, in the aggregate, stay flat in 2013 from 2012.

Talk of a return European CMBS was among the many positive points the CMBS industry looked at as the Commercial Real Estate Finance Council kicked off its annual industry conference in Miami on Monday.try conference in Miami on a positive note. The event saw its attendance grow to over 1300 and the agenda this year reflects the successful year the CMBS market had in 2012.

There was an 18 basis point decline in commercial mortgage-backed security loan delinquency rates in December over November, as resolutions of $1.7 billion outpaced additions of $1 billion, said Fitch Ratings.

Wells Fargo, JP Morgan and Bank of America priced the $600 million single-asset commercial mortgage-backed securitization backed by the Queens Center in New York City, Queens Center Mortgage Trust 2013-QC.

Four CREL CDOS totaling $1 billion were issued in the fourth quarter of 2012, and RBS expects to see another $5 billion and $10 billion hit the market in 2013.

Morgan Stanley and Bank of America priced its $1.23 billion commercial mortgage-backed securitization conduit, series 2013-C7 at strong levels.

Wells Fargo, JP Morgan and Bank of America began marketing a $600 million single asset commercial mortgage-backed securitization backed by the Queens Center in New York City.

Standard & Poor’s said Monday that the pipeline for structured finance issuance has hit $3.4 billion.