CMBS

Securitization of very large commercial loans, a hallmark of the CMBS market before the financial crisis, is making a comeback -- but with a twist.

LIG Assets and Texas Real Estate Hedge Fund, LP foresee significant opportunities the repositioning of the commercial mortgage-backed securities and the upcoming commercial real estate maturities

Trepp reported today that the $72 million Kings' Shops CMBS loan modified in an A/B note structure, saw the B portion of the note written off entirely.

Goldman Sachs priced its $300 million CMBS deal backed by Bridgewater Commons, a three-story, 992,561 square foot super-regional mall and adjacent lifestyle center located in Bridgewater, New Jersey.

JP Morgan priced its JPMCC 2012-LC9 commercial mortgage backed conduit deal on Wednesday. The transaction is the last scheduled for 2012.

Extended Stay is looking to refinance its $2.6 billion, large-loan, hotel CMBS next year, said one source familiar with the deal.

Greg Reiter has joined Wells Fargo Securities as managing director and head of Residential Mortgage Research, the bank announced today.

A conduit offering led by JP Morgan and a new single borrower transaction led by Goldman Sachs entered the pipeline late last week, which will bring year to date issuance total to $48bn, according to Standard & Poor’s.