| 2016 | 2015 | 2014 | |
|---|---|---|---|
| ABS (Public + 144A) | 121,925.6 | 168,972.9 | 179,097.4 |
| ABS (Public + 144A excluding CDOs) | 104,187.4 | 120,762.5 | 124,503.3 |
| ABS (Public Only) | 47,041.2 | 66,355.0 | 76,443.6 |
| ABS (144A Only) | 74,884.5 | 102,617.9 | 102,653.9 |
| Non-Agency MBS | 50,468.5 | 78,446.3 | 60,155.6 |
| Agency MBS | 129,533.1 | 122,391.7 | 119,863.7 |
| CMBS | 57,166.1 | 62,940.9 | 47,131.1 |
| 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.
