Finance

Bank of California in Irvine has sold an equipment-finance business to Hanmi Financial in Los Angeles.

Blackstone Real Estate Partners is tapping the securitization market for a cash out refinancing of The Cosmopolitan Las Vegas hotel and casino.

The risk premium that investors demand for holding CLOs continues to decline as refinancing activity continues to dominate the new issuance, and the trend looks set to continue heading into the final two months of the year.

A market that some Ginnie Mae issuers tap to help finance their mortgage operations has a dwindling number of investors.

Ygrene Energy Fund has emerged with its long-anticipated first securitization of Property Assessed Clean Energy (PACE) bonds that finance residential and commercial energy efficiency improvements and upgrades.

Global aircraft lessor ALC is making a trip to the securitization market to refinance 19 aircraft on lease to 16 airlines located in 13 countries.

A new $1.12 billion CMBS deal being marketed by JPMorgan and German American Capital Corp. includes notes backed by a portion of a loan backing the 51-story 10 Hudson Yards office building, part of the largest-ever private real estate development in the U.S.

A Washington, D.C.-based startup that finances higher education in the U.S. for international students announced a $6 million equity funding round.

Huntington Bancshares, which hasn’t made a trip to the securitization market since June of last year, will be offering $2.6 billion in bonds backed by auto and commercial loan receivables during the fourth quarter.

Deutsche Bank is securitizing a $710 million mortgage backed by a portfolio of 155 skilled nursing, assisted and independent living facilities with 18,870 licensed beds, in 20 states.

A recent federal court decision affirming the right of a servicer to collect on private student loans originated on Sallie Mae’s behalf isn’t just good news for investors in student loan-backed securities; it’s also good news for marketplace lending platforms.

A German consumer finance arm of Crédit Agricole is securitizing its third rated pool of unsecured consumer loans in a €1.3 billion (US$1.48 billion) transaction.

CVCRE 2016-6 consists of four super-senior class A notes tranches and three subordinate classes. The senior A notes have a preliminary triple-A rating structured finance rating from Morningstar and Fitch Ratings.

USAA is planning to issue another $280 million of catastrophe bonds through its Residential Re platform.

Lending Club is pivoting back to the strategy it was pursuing prior to the abrupt ouster of its chief executive officer in May.

Engs Commercial Finance, a specialty lender that finances the acquisition of trucks and trailer by small and medium-sized businesses, is making its second trip to the securitization market.

Investcorp is buying the debt management business of 3i Group for £222 million (US$270.6 million, giving the Bahrain-based private equity firm with one of the larger cross-border CLO management operations.

JP Morgan is securitizing a portion of a $557 million loan backed by a portfolio of 103 office buildings and “flex” properties, which have multiple uses, such as office space, manufacturing and warehouse distribution.

A single class of floating-rate Class A notes totaling $896 million is being issued through the Navient Student Loan Trust in the seven-death conducted by Navient this year.