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Over 85% of the collateralized loan obligation's total dollar value will be comprised of apartment complexes and hospitality and industrial properties.
March 10
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The fund closes ahead of separate news that it formed the Private Real Estate Credit platform, which will originate senior and subordinated commercial real estate loans.
March 5
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Total delinquencies as a percentage of John Deere's managed portfolio was 3.06%, an increase since 2022. That aligns with the decline in corn and soy prices in the same period.
March 3
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Amortization will start after the deal's two-year revolving period, when the trust will deposit revenue including collections and upgrades into the acquisition account.
February 26
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Small-balance commercial mortgages, SBA 504 and investor loans, all first-lien, make up the collateral pool.
February 24
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The current pool has smaller exposures to the construction and turf sectors compared to the 2024-2 series, which have seen higher loss rates than the agriculture sector.
February 21
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The rating agency covers its bases in preparation for a surge in data center debt
February 12
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RG&E, series 2025-A, is the second utility cost recovery securitization this week, and is another first-time issuer.
February 6
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Residential customers made up 70.1% of NYSEG's sales revenue, while commercial and industrial customers account for the other 30% of sales. The latter is a relatively high exposure for such deals.
February 4
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Debt service coverage ratio triggers, including cash trapping and rapid amortization, will provide much of the credit enhancements to the notes.
February 3
