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Several features, including a couple of cash trapping mechanisms and a rapid amortization feature, help maintain cashflow to the notes.
May 28 -
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.
May 27 -
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.
May 21 -
The market for estate loans packaged into debt slowed dramatically after the Federal Reserve sharply raised interest rates in 2022.
May 14 -
Residential, business and carrier customers represented 37.2%, 32.8% and 30.0%, respectively, of revenue from the last 12 months.
May 9 -
Oxford requires that 91% of the supporting loans have interest payments on a floating rate index or a floating rate option, but new loans face requirements to mitigate the risks of yield shortfalls.
May 8 -
The property is competitive, with overall sales of about $570 million in 2021, but the deal is short on upfront reserves to cover outstanding landlord obligations, like free/gap rent.
April 9 -
As the risk of a recession rises, commercial real estate loans remain a major concern for banks and industry participants. One observer asked: "Is '25 the year where sellers start to capitulate, call a loser a loser, and move on?"
April 3 -
Offices, apartment buildings and retail locations in Los Angeles face a tangle of difficulties as the smoke clears from January's wildfires. High on the list is inadequate insurance, a common problem in California.
April 2 -
Notably in February, Americans reduced spending on services for the first time in three years in the face of higher prices — including on dining out.
March 28