| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 108,219.7 | 163,510.6 | 171,081.6 |
| ABS (Public + 144A excluding CDOs) | 92,123.0 | 118,369.2 | 119,498.0 |
| ABS (Public Only) | 41,215.6 | 64,086.7 | 73,326.2 |
| ABS (144A Only) | 67,004.2 | 99,423.9 | 97,755.4 |
| Non-Agency MBS | 45,995.4 | 75,620.5 | 57,134.0 |
| Agency MBS | 128,553.8 | 120,335.5 | 117,813.2 |
| CMBS | 54,113.9 | 60,527.1 | 44,631.2 |
| Source: Thomson Reuters | |||
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.
The securitization is backed by a 174,000-square-foot, 30-megawatt hyperscale data center in Elk Grove Village near Chicago.
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.
This marks the second transaction from the shelf, backed by 651 first-lien, fully amortizing fixed-rate mortgages.
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.
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.
