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1 month ago | 
bloomberg.com | Katharine Hidalgo |Scott Carpenter
Private capital firms grappling with a moribund dealmaking climate are increasingly turning to a niche securitized product to raise cash.
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Nov 6, 2024 | 
finance.yahoo.com | Scott Carpenter
(Bloomberg) -- Risk premiums on new agency mortgage bonds tightened Wednesday, as a market some considered unusually cheap before the election was poised to benefit along with the likes of US equities and the dollar. Fannie Mae current coupon MBS yields relative to Treasuries narrowed to 1.45 percentage point from Tuesday’s close of 1.47 percentage point, according to data compiled by Bloomberg.
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Oct 16, 2024 | 
asreport.americanbanker.com | Immanual John Milton |Carmen Arroyo |Scott Carpenter
(Bloomberg) -- The owners of Rockefeller Center, the site of New York City's iconic Christmas tree and Radio City Music Hall, are refinancing the office and retail space with one of the largest commercial mortgage bonds in the last decade. Affiliates of real estate company Tishman Speyer and investment firm Henry Crown & Co. are selling $3.4 billion of commercial mortgage-backed securities in a deal that's expected to price Thursday, according to a source familiar with the matter.
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Oct 16, 2024 | 
finance.yahoo.com | Immanual John Milton |Carmen Arroyo |Scott Carpenter
(Bloomberg) -- The owners of Rockefeller Center, the site of New York City’s iconic Christmas tree and Radio City Music Hall, are refinancing the office and retail space with one of the largest commercial mortgage bonds in the last decade.
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Sep 11, 2024 | 
bnnbloomberg.ca | Scott Carpenter
(Bloomberg) -- Palmer Square Capital Management is launching a pair of exchange-traded funds that will buy collateralized loan obligations and other assets, adding to a recent proliferation of such financing vehicles as investor access to securitized credit markets expands. The ETFs will be the first by the credit-focused alternative asset manager, according to a statement by the firm seen by Bloomberg.
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Sep 9, 2024 | 
ca.finance.yahoo.com | Scott Carpenter
(Bloomberg) -- Alternative asset manager Balbec Capital Management has bought a portfolio worth over €4 billion ($4.4 billion) of soured Portuguese loans from Luxembourg-based LX Partners, according to a statement seen by Bloomberg News.
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Sep 4, 2024 | 
afr.com | Neil Callanan |Scott Carpenter
Landlords for offices, apartment complexes and other commercial real estate have $US1.5 trillion ($2.2 trillion) of debt due by the end of next year, and about a quarter of that borrowing could be hard to refinance, according to Jones Lang LaSalle. The value of buildings has broadly dropped after higher interest rates boosted funding costs for property owners. Loading... Bloomberg
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Sep 1, 2024 | 
fortune.com | Neil Callanan |Scott Carpenter
The value of buildings has broadly dropped after higher interest rates boosted funding costs for property owners. Those lower valuations make it harder for landlords to borrow as much, forcing many property owners to raise equity capital to secure new debt or extend their existing facilities. Apartment buildings, which make up about 40% of the looming maturities, are at the center of the refinancing wave, the broker says.
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Aug 31, 2024 | 
bloomberg.com | Neil Callanan |Scott Carpenter
Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, according to Jones Lang LaSalle Inc. That leaves a gap of as much as $400 billion between the amount owed and the capital available for refinancing.
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Aug 20, 2024 | 
finance.yahoo.com | Hannah Levitt |Scott Carpenter
Hannah Levitt and Scott CarpenterTue, Aug 20, 2024, 9:14 AM2 min read(Bloomberg) -- Wells Fargo & Co. agreed to sell most of its commercial mortgage servicing business to Trimont LLC, ceding the title of biggest US commercial and multifamily mortgage servicer to the Atlanta-based firm.
