Weekly Wrap: Top CRE lenders launch CMBS with increased risks

November 20, 2020 3:04 PM

Glenwood Springs, USA - June 29, 2019: Shopping meadows mall park buildings stores in Colorado town near red mountain and cars parked

Kristina Blokhin - stock.adobe.c

Top CRE lenders launch CMBS with increased risks

Three major commercial mortgage lenders have teamed up again this year to securitize $871 million in properties in a CMBS deal that provides investors with a highly concentrated loan pool and higher leverage.

(Full story here.)

CKE Holdings drives $400 million ABS deal to successful finish

The franchisor and operator of restaurants under the Carl's Jr. and Hardee's brands, CKE Holdings priced a $400 million transaction below pricing guidance that slightly increases the private-equity-held company's leverage.

(Full story here.)

Genesis Financial's third securitization faces challenging environment

Genesis Financial Solutions is pursuing a $135.9 million securitization of credit card receivables, including riskier point-of-sale credits that should provide investors with attractive spreads.

(Full story here.)

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Weekly Wrap: Top CRE lenders launch CMBS with increased risks

Top CRE lenders launch CMBS with increased risks

CKE Holdings drives $400 million ABS deal to successful finish

Genesis Financial's third securitization faces challenging environment

Forborne mortgages have similar traits to those likely to default