Investment manager PIMCO has launched a global fund to invest in mortgage-backed securities in order to generate a source of returns “across full market cycles”.
The Paris-based investment and banking firm’s US real estate debt team succeeds by unifying its balance sheet and CMBS lending and says the mortgage-backed securities market will endure new regulations. Justin Slaughter reports.
How US regional banks are winning the greatest share of US CRE originations as CMBS falters. Justin Slaughter reports.
The report, which Trepp presented to the Federal Reserve Board of Governors recently, states that the agency now expects only 20 percent of these loans to experience losses, compared to the 50 percent prediction that many institutional lenders and rating agencies had voiced.
All nine CMBS classes that Fitch Ratings placed on 'Rating Watch Negative' following wildfires that ravaged the oil town of Fort McMurray in Alberta, Canada have been taken off the agency's watch list.
JPMorgan Chase is marketing the $900 million JPMCC 2016-NINE Mortgage Trust transaction, secured by a single, 10-year interest-only loan backed by the 50-story 9 West 57th Street trophy office tower in Midtown, Manhattan.
Office Depot has announced plans to close 300 stores over the next three years, potentially elevating the risk of $956.6 million worth of properties backing CMBS deals.
The best and worst CMBS performers in top US markets can be explained by their underlying real estate and economic fundamentals, finds Al Barbarino
The rate of growth of top US debt advisers is tapering, but CBRE remains busy – especially working with banks, reports Justin Slaughter
The CMBS Delinquency Rate moved 16 basis points higher to 4.76 percent in July, marking the fifth straight month of increases, according to Trepp’s monthly report.