Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Wednesday, 01 April 2015

Capital One Writes $320.4Mln Fannie Loan Against N.J. Apartment Portfolio

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Commercial Real Estate Direct Staff Report

Capital One Multifamily Finance has provided $320.4 million of Fannie Mae financing against 15 apartment properties with 3,333 units in central New Jersey.

The debt, written under Fannie's Delegated Underwriting and Servicing program, matures in April 2027 and pays a coupon of 3.44 percent. It requires only interest payments through April 2021, after which it amortizes on a 30-year schedule. It values the collateral portfolio at $429 million.

If it's paid off before 2026, the loan would be subject to a yield-maintenance...





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Additional Info

  • Syndicate to Realpoint: No
  • States: New Jersey
  • Sector: Multifamily
  • Subject: Mortgages/Financing (MOR)
  • Valuation: More than $150 million
  • Private: Yes
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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