CMBS

Deutsche Bank has pieced together an $806.2 million commercial mortgage securitization highlighted by the $42 million mortgage for Netflix’ expanded headquarters space under construction in Las Gatos, Calif.

Kroll Bond Rating Agency placed the ratings of $67.3 million of commercial mortgage bonds from three transactions under review for a possible downgrade due to their exposure to buildings with tenants in North Dakota’s oil industry.

Deutsche Bank is securitizing a portion of a loan used to purchase an office building on Manhattan’s Westside, according to rating agency reports.

Morgan Stanley’s first offering of commercial mortgage bonds of the year offers unusually concentrated exposure to a few large properties.

JP Morgan and Barclays are marketing $1 billion of commercial mortgage bonds backed by a pool of highly leveraged loans that is highly concentrated in a few large properties in New York City.

American International Group is expanding bets on property lending and safe fixed-income securities after hedge-fund investments soured.

Citigroup, German American Capital Corp. and Wells Fargo are marketing $765 million in commercial mortgage bonds associated with the mortgage the three originated for lower Manhattan’s 225 Liberty Street skyscraper.

The forthcoming $875.1 million Wells Fargo commercial mortgage pass-through certificates securitization pools a smaller concentration of larger loans but also has more exposure to single-tenant properties.

Morgan Stanley Bank of America Merrill Lynch Trust 2016-C28 is backed by 42 fixed-rate loans with a total balance of $955 million that are secured by 161 commercial and multifamily properties.

Bankers are defending the industry's aggressive push into commercial real estate despite regulators' warnings about the growing risk — and the potential for losses — in that sector.