Industries

The regulatory fate of TikTok, the largest tenant in New York City's One Five One tower, remains unknown.

The Senate Banking Committee passed a housing package that includes funding for manufactured and other kinds of housing, but also includes an appraisal provision that mortgage bankers oppose.

The veteran commercial real estate finance broker aims to change the status quo by increasing securitization efficiency.

Diversity and metropolitan focus could provide resiliency in economic downturns

ExteNet's capital structure maintains cash flow by including cash trapping and cash sweeping conditions.

The volatility pushed whole loan spreads wider and brought single-asset single-borrower commercial mortgage-backed securitization to a halt as lenders waited for clarity.

The whole business securitization will issue notes through four classes of A, B and C notes, and uses a master trust structure, so it can issue additional classes.

Several features, including a couple of cash trapping mechanisms and a rapid amortization feature, help maintain cashflow to the notes.

The riskiest portion of the securitization, worth $65 million was wiped out earlier this month after the loan's sale left just $164 million to distribute to creditors.

There are 22,704 contracts in the collateral pool, which lends itself to high diversification. The top 5 obligors account for just 0.4% of the pool.