CMBS

Barclays Capital is currently marketing the first whole business securitization since the financial crisis.

Commercial property values have fallen 42% from their peak in 2007 and there are roughly $1 trillion in underwater commercial real estate (CRE) loans maturing the next few years that could be difficult to refinance, according to a new report from Trepp.

The Federal Deposit Insurance Corp. (FDIC) Friday named Michael Krimminger, a close aide to Chairman Sheila Bair, as the agency's new general counsel.

Refinancing for European CMBS continues to be challenged by a prolonged recovery in the lending market for non-prime properties.

In December, the 30-day plus delinquency rate on multifamily mortgages continued to climb, according to new figures compiled by Trepp.

Most people believe the Basel III capital rules are buttoned up. International regulators worked hard, agreed in December to impose tough standards and then gave bankers eight years to meet them.

U.K. supermarket retailer Tesco is planning a ₤680.0 million ($1.09 billion) securitization of rental income derived from 21 retail stores located in the U.K.

Morgan Stanley and Bank of America yesterday began marketing the second CMBS offering so far in 201l, according to a Dow Jones report.

As the CMBS market preps for its take off with the upcoming launch of the Deutsche Bank and UBS $2.2 billion CMBS deal, market analysts said that new-issue CMBS will be driven by rising risk appetite, improving economic sentiment and the persistent supply/demand imbalance.

Shopping the B-piece is an integral part of structuring a CMBS transaction. However, with more than a few of the more traditional B-piece investors exiting the market in the last down cycle, B-piece buying became more opportunistic. As CMBS market fundamentals improve, the sector is bound to see the return of the more traditional mezzanine investors, sources said.