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The German bank has completed its first SRT transaction with Oaktree Capital Management as it winds down its US business.
The US manager, which is typically a sponsor of European commercial real estate securitisations, has participated in the Vanir Logistics Finance CMBS.
Morningstar DBRS believes the outstanding loan balance is higher than the value of the assets, as rental income declines and vacancy increases.
The US manager has been granted a three-year extension to execute its business plan for four retail assets.
The survey shows widespread, albeit measured, pessimism around commercial real estate in the coming year.
Iain Balkwill from law firm Reed Smith says collateralised loan obligations offer alternative lenders a strong source of funding.
David Arzi, CEO of the mid-market European lender, explains why it was behind Europe's first post-crisis CRE CLO.
The UK specialist lender says its latest mortgage securitisation sets it up well for a “rocky period”.
The private equity giant enlisted Deutsche Bank to arrange a securitisation of four retail properties in Italy.
Patron Capital and Dutch brewer Heineken have completed the purchase of the FTSE 100-listed Punch Taverns – the UK pub chain which is financed by circa £1.32 billion (€1.42 billion) of debt across two securitisations.