Wells Fargo and RBS priced the super-senior, triple-A class structured with a weighted average life of 10-year, from the conduit deal, WFRBS 2013-C18 at 93 basis points over swaps according to Standard & Poor’s.
The pricing falls in line with recent sales. On Friday, Deutsche Bank and Cantor Fitzgerald priced the 10-year, super-senior, triple-A notes from the COMM 2013-CCRE13 conduit deal at 93 basis points.
The Wells Fargo/RBS transaction is backed by a pool that consists of 67 loans secured by 73 properties with a weighted average loan-to-value (LTV) of 54.4%.
S&P said that guidance has been revised on the $1.1-billion transaction by JPMorgan, Barclays, GE Capital, Redwood Trust and RAIT Financial (JPMBB 2013-C17).
The super senior, triple-A’s are now being talked at the 95 to 98 basis point area. The A-4 class was previously being talked at 93 basis points. The JPMorgan pool consists of 64 loans secured by 72 properties with a weighted average LTV of 66.3% .
