CMBS

CMBS data provider Trepp said that only 26.3% of the loans that reached their balloon date paid off in July.

Results from a recent survey by CRE Financial Council (CREFC) and Trepp about commercial mortgage investment point to robust performance within insurance portfolios. The survey used industry data from January 1 to December 31, 2011 to assess investment performance during the downturn and for overall benchmarking purposes.

Fitch analysts said that the performance across CMBS property types has been dependent on the state of office properties, according to Fitch Ratings’ most recent U.S. Structured Finance Snapshot. This sector “will likely continue to see net operating income declines unless the property is in a core market such as New York,” said Huxley Somerville, managing director and CMBS group head.

Due diligence provider Risk Management Group (RMG) said that Charles Cacici has resigned from his position as managing member of the firm. Cacici plans to focus on personal endeavors, according to a statement from RMG.

Abandoned after the financial crisis, commercial real estate (CRE) is once again becoming fertile ground for loan growth.

Former CMBS strategist for UBS Securities filed complaints with different courts, claiming that UBS and its parent corporation, UBS AG, fired him unjustly.

Morgan Stanley plans to sell a single-asset deal called Morgan Stanley Capital I Trust 2012-STAR worth $340 million.

Fitch Ratings said in a report today that it is looking to extend its CMBS rating methodology to address the particular attributes of single loans made by insurance companies and other institutional investors.

Securitization market participants welcomed Deutsche Annington's July 10 announcement of German Residential Asset Note Distributor's (GRAND) proposed loan restructuring.