CMBS

The five-year loan to South Korean ownership group MAPS Waikiki Hotel LLC was originated by JPMorgan, and comes three years after the renovated property’s leasehold was purchased from the Blackstone Group, which had performed $110.5 million in property renovations.

An $890.7 million trust pool of 42 loans sold to a Deutsche Bank-affiliated trust is pursuing a daily double of high-risk collateral attributes: a bevy of underlying interest-only loans and a concentration in the more volatile office and hotel sectors.

More than $200 billion in securitized commercial mortgages come due soon, many of them still underwater

Late payment on securitized commercial mortgages reversed course in September and resumed a climb that began in March, according to Trepp.

Citigroup is marketing a $917 million commercial mortgage securitization, according to rating agency presale reports.

Fannie Mae and Freddie Mac want to make it easier for owners of older apartment buildings to make energy efficient upgrades.

Wells Fargo’s new commercial mortgage securitization of $757.1 million in notes includes backing from a key property centered on gentrification efforts in Queens.

Citigroup is shopping $540 million of bonds backed by a portfolio of 102 self-storage facilities.

The high volume of commercial mortgages maturing this year has left some property owners scrambling for funds to refinance. Not so for these eight borrowers, who took advantage of the strong price appreciation of their iconic office buildings, luxury hotels, super regional shopping malls, and even a portfolio of rental homes, to cash out … In some cases, the tune of hundreds of millions of dollars of equity.

JPMorgan is dipping into its toolbox for a type of financial engineering rarely seen these days: “re-remic,” or a securitization of real-estate mortgage investment conduits.