CMBS

Banks are applying a well-honed strategy to mitigate regulators' recent proposal to determine capital requirements for assets that include securitizations.

CMBS special servicers have increased their activity over the past two months with roughly $3.7 billion in newly-modified loans, according to an FTN Financial report.

Deutsche Bank is marketing its $941 million CMBS conduit deal, which according to market reports, looks set to be followed by more issuers looking to tap the market.

Some CMBS special servicers are charging undisclosed fees to borrowers seeking modifications, according to Fitch Ratings. And there is concern that this may be the beginning of a trend.

Philips Electronics N.V. is in the market for a $431 million credit tenant lease. The Netherlands-based electronics giant looks to expand its physical presence at a research and development campus, a source said.

Morgan Stanley Investment Management (MSIM) has announced that the Morgan Stanley Opportunistic Mortgage Income Fund LP, which is a fund for RMBS and CMBS investments, held its final close with over $450 million in capital commitments.

UGL Services has launched a new group to provide financial analytics support and advisory services for commercial real estate distressed assets, leasing deals and capital markets-related transactions.

The fees that special servicers charge borrowers seeking loan modifications may present risk to bondholders, borrowers and the recovering CMBS market, said Fitch Ratings in a report today.

Fitch Ratings today released a presale on the $282 million Global Tower Partners (GTP) series 2012-1 and 2012-2.

The growth in demand for multifamily properties will increase future agency CMBS supply, according to an FTN Financial research report released Tuesday.