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Advantageous arbitrage remains a challenge due to some leverage loan spread compression, but the right level of volatility could relieve it for some existing deals.
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The securitization is backed by a 174,000-square-foot, 30-megawatt hyperscale data center in Elk Grove Village near Chicago.
August 28 -
The deal is backed by recently originated, 30-year fixed-rate mortgages with an average combined loan-to-value ratio of 75.1%, according to Morningstar DBRS.
August 28 -
This marks the second transaction from the shelf, backed by 651 first-lien, fully amortizing fixed-rate mortgages.
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All loans in the deal's portfolio were made to investors and underwritten based on property cash flow and rental income to determine borrower eligibility.
August 27 -
A federal judge Wednesday said the Department of Housing and Urban Development failed to justify a sharp overhaul of a long-standing fair-housing grant program.
August 27
Published July 01, 2016, 6:10 p.m. EDT
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