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

Thursday, 13 July 2017

Sale of Independence Mall Causes $73.9Mln Loss to CMBS Trust

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Commercial Real Estate Direct Staff Report

The sale of the Independence Mall in Wilmington, N.C., resulted in the property's $110 million CMBS loan suffering a loss of $73.9 million, for a loss severity of 67.2 percent.

The loss, which was absorbed by JPMorgan Chase Commercial Mortgage Securities Corp., 2006-CIBC17, holder of the CMBS loan, was highlighted by Wells Fargo Securities in a CMBS Recon report.

The property's sale had generated $46.4 million of gross proceeds, which compares with the property's $42 million appraised value. But after expenses were factored in,...


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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Wilmington
  • States: North Carolina
  • Sector: Retail
  • Subject: Commercial MBS (CMBS), Property Acquisitions (ACQ)
  • Deal Name: JPMorgan Chase Comm Mtge Sec Trust, 2006-CIBC17
  • Private: Yes
  • bloombergDealName: JPMCC 2006-CB17
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Data Digest







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




cppichart FP



CMBS 2.0 Spreads


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