CMBS

The loan resolutions from a single CMBS transaction is behind the 40 basis point drop in delinquencies last month; the largest monthly decrease since the end of the recession, according to the latest monthly index results from Fitch Ratings.

JPMorgan Chase is preparing a $250 million CMBS deal called J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-ALC backed by assisted living facilities.

Oaktree Capital Group plans to issue a $260.5 million deal called ORES 2013-LV2 that is backed by a pool of non-performing loans and real estate-owned properties.

Goldman Sachs, Jefferies and Citigroup have lined up a $1.2 billion conduit CMBS deal that is backed by 84 commercial mortgage loans secured by 132 properties.

said that its CMBS ratings stack up to the competition's.

Spreads on new issue CMBS currently marketing continued to tighten this week but levels remain well off those reached earlier this year.

As July came to a close, it was clear to everyone at ASR that the structured finance market was not about to take a vacation.

DFG Taps Goldman Vet, Barclays Bulks Up on CMBS, Ares Adds Jeffrey Kramer and the ASF Retains Mike Williams as Policy Adviser

In July, the delinquency rate for U.S. commercial real estate loans in CMBS dropped to 8.48%, a 17-basis-point drop since June’s reading and a 123-basis-point improvement since the start of 2013, according to Trepp.