CMBS

The $460 million BFLD Trust 2019-DPLO will be secured by a two-year mortgage loan that will refinance $401.3 million of existing debt, plus pay $147.5 million of equity.

A Philadelphia commercial property developer is refinancing a loan for a renovated complex, according to S&P Global Ratings.

Out of 83 commercial mortgages in the transaction, the collateral pool contains 75 loans secured by multifamily/manufactured housing properties, according to presale reports.

While delinquent loans in commercial mortgage-backed securities continued trending downward overall, there was an uptick in the rate for more recent originations, a Standard & Poor's report noted.

Gaw Capital Partners and DJM Capital partners are sponsoring $211.3 million large-loan securitization that will include as collateral the famed Hollywood Walk of Fame.

A Silicon Valley mega-office-tower complex that is home to both Amazon and Facebook corporate offices is making another appearance in a conduit commercial mortgage-loan securitization.

The collaborative workspace officer provider, which filed for its IPO last week, will be securitizing a $240 million loan used in the purchase of the San Francisco building where it leases space to member clients.

The $217.7 million BX 2019-MMP Mortgage Trust is a securitization of an interest-only loan issued to Blackstone Real Estate Partners backed by the cash flow from the apartments, in New York’s Upper East Side, Murray Hill and Chelsea neighborhoods.

Moody’s said the Fed’s cuts – the first in a decade by the central bank – will boost real estate and consumer ABS collateral by helping lenders uphold underwriting standards and provide affordable debt options to borrowers.

Bank of America is tapping the commercial mortgage-backed securities market to refinance the debt on its namesake Manhattan office building, providing BofA and building co-owner The Durst Company with a hefty cash-equity payout.