CMBS

Commercial mortgage-backed securities, or CMBS, are bonds or notes created via securitisation that are backed by commercial mortgages or other commercial real estate assets. CMBS originators are typically financial institutions that originate commercial real estate or commercial mortgage loans, including banks, building societies/savings & loans and mortgage finance companies. To create commercial mortgage-backed securities, or CMBS, institutions sell pools of their loans to a special-purpose vehicle, or SPV, which then sells the loans to a trust. The trust then repackages the loans as interest-bearing securities and issues them. This true sale of the loans to the SPV ensures that the CMBS is treated as bankruptcy-remote from the originator.

• Law firm expands SF expertise

  Company hires and sector developments

  Clean energy firm names cfo Renew Financial has named Mary Kathryn Lynch cfo, having previously se...

  Market moves    14 June 2019

• Slow but steady

  Sentiment around STS warms, although issuance forecasts remain muted, say Global ABS panellists.

  Extention of the STS regime to more asset classes would benefit the European ABS market, according t...

  News    12 June 2019

• Europe sees 1Q issuance dip

  Sector developments and company hires

  ABS vet nabbed Angelo, Gordon & Co has hired Sunil Kothari as md, responsible for originat...

  Market moves    10 June 2019

• Livestock first inked

  Sector developments and company hires

  Australian livestock deal debuts StockCo has launched the first securitisation warehouse transacti...

  Market moves    7 June 2019

• 'Significant divergence' in Libor preparations

  Libor transition still 'choice rather than necessity' for some firms

  There are still a “number” of firms in the UK that view the transition from Libo...

  News    5 June 2019

• New P2P platform rules announced

  Sector developments and company hires

  ABS facility expands Amigo Holdings has increased its securitisation facility to £300m....

  Market moves    5 June 2019

• Agri-linked note prepped

  Company hires and sector developments

  Agri-linked note prepped The African Development Bank has approved a €100m partial credit...

  Market moves    4 June 2019

• Lineage lines up

  UK cold storage CMBS debuts

  Lineage Logistics Holdings is in the market with a CMBS backed by 14 temperature-controlled and ambi...

  News    3 June 2019

• Bank bulks up commodities expertise

  Company hires and sector developments

  Bank bulks out commodities unit Credit Agricole has hired Aude Sauty de Chalon as directo...

  Market moves    3 June 2019

• Morgan indicted

  CMBS properties to be forfeited upon conviction

  The US Attorney’s Office for the Western District of New York has issued a 114-count super...

  News    30 May 2019

• Co-cio and liquid markets head appointed

  Company hires and sector developments

  Credit expert poached Crestline Investors has appointed Michael Aingorn as an md, based in New Yor...

  Market moves    24 May 2019

• Enforcement incentive?

  CMBS 2.0 downgrade 'likely'

  While a loan event of default has occurred on the Maroon loan backing Elizabeth Finance 2018-1, perf...

  News Analysis    23 May 2019

• Positive performance prompts upgrades

  Sector developments and company hires

  Director hired to rebranded CLO platform DFG Investment Advisers has hired John Hwang as a directo...

  Market moves    22 May 2019

• UK CMBS loan defaults

  Company hires and sector developments

  Euro CMBS 2.0 default Elizabeth Finance 2018 has become the second European CMBS 2.0 deal to suffe...

  Market moves    20 May 2019

• CLO director nabbed

  Company hires and sector developments

  Europe Hermes Investment Management has hired Kevin Roche as a director for private debt...

  Market moves    17 May 2019

• CMBS sees prompt prepayment

  Company hires and sector developments

  Auction platform Mortgage Capital Trading has launched Trade Auction Manager (TAM) to enable more...

  Market moves    16 May 2019

• Senior appointments abound

  Company hires and sector developments

  Acquisition Priority Income Fund has completed its acquisition of Stira Alcentra Global Credit Fun...

  Market moves    14 May 2019

• SCI Start the week - 13 May

  A review of securitisation activity over the past seven days

  Transaction of the week Last week saw an unusual Irish CMBS hit the European pipeline, from debut...

  News    13 May 2019

• Irish debut CMBS prepped

  Flurry of European ABS hit pipeline

  A rush of European securitisations have hit the pipeline, across asset classes and jurisdictions. Th...

  News    10 May 2019

• STS 'not enough' for European ABS revival

  Securitisation 'needs to be used more' as funding tool

  At the start of last year, BNP Paribas Asset Management hired Michel Fryszman as its new he...

  News Analysis    3 May 2019

• Rating agency appoints new SF head

  Company hires and sector developments

  Bank bulks up Macquarie has appointed Carolyn Porretta md, structured finance and real estate, bas...

  Market moves    3 May 2019