CMBS

Deutsche Bank and JPMorgan Chase have found a home for the another portion of a $558 million mortgage on a San Francisco shopping mall that serves as collateral for a single-asset CMBS launched this week.

Deutsche Bank and JPMorgan Chase are readying $300 million of commercial mortgage bonds backed by a single asset – a San Francisco shopping mall.

B2R Finance, the lender backed by the Blackstone Group, is returning to the securitization market after undergoing a shift in strategy and turnover in senior management.

Wells Fargo is marketing its second commercial mortgage securitization in two months, this time with a focus on smaller-market retail, hotel and office properties.

Citigroup's next commercial mortgage securitization has heavy exposure to split loans that serve as collateral for a number of other transactions.

Late payments on securitized commercial mortgages moved noticeably higher in June, as several large loans failed to pay off at maturity.

New rules designed to stop U.S. companies from moving their tax addresses offshore are so written so broadly that they could disrupt the securitization market, a trade group warned Thursday.

The Blackstone Group recently got $556.4 million in loans on the 1,047-room Waldorf Astoria Boca Raton Resort & Club, paying off debt it had taken out just three years earlier, cashing out $136.5 of equity in the process.

The mixed-use office/retail complex at 693 Fifth Avenue, which was sold last month by Thor Equities for $525 million, is one of 47 loans backing the $939 million portfolio being issued by the JPMorgan Chase Commercial Mortgage Securities Trust.

SG Commercial Mortgage Securities Trust 2016-C5 is the first publicly registered asset-backed commercial mortgage offering through the trust since forming its U.S. CMBS business 18 months ago, and closing its first commercial real estate loan in April 2015.