CMBS

Goldman Sachs plans to securitize a portion of a $650 million commercial mortgage secured by the IBM Building located on 590 Madison Avenue between 56th and 57th Streets in New York City.

The same tony New York City address, 11 Madison Avenue, is showing up in another commercial mortgage securitization sponsored by Deutsche Bank and Cantor Fitzgerald.

The inclusion of a loan secured by Chicago’s Prudential Plaza in a recent CMBS is causing a stir. Some investors are on edge about the property’s recent financing history, which suggest sharply different appraisal values within weeks of each other.

Bank of America Merrill Lynch plans to securitize two European commercial mortgage loans worth €186 million.

Real estate finance expert Brian Olasov has joined the Atlanta office of Carlton Fields Jorden Burt as executive director, financial services consulting.

As China’s economic slowdown roils global equity and commodity markets for the third straight session, securitization investors have just one concern: whether the Federal Reserve will end its’ near-zero interest rate policy in September.

Walker & Dunlop has hired Jeffrey Taschler, a veteran in commercial real estate lending and structured finance, as chief operating officer of its CMBS lending platform.

Deutsche Bank plans to issue €316 million ($346 million) securities backed by three commercial mortgage loans that are secured by 37 office, retail and hotel properties located in Germany, the Netherlands and Belgium.

The chance a loan backing U.K. CMBS will default is bumped up once the loan-to-value (LTV) ratio exceeds 60%.