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

Tuesday, 21 October 2014

Woodbury Office Loan Gets Paid Off; CMBS Deal Sees $81.1Mln Loss

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Commercial Real Estate Direct Staff Report

The $219.4 million of CMBS loans against the Woodbury Office Portfolio, a collection of 28 office and industrial properties in Woodbury, N.Y., were retired this week and the CMBS deal that held them suffered a loss of $81.1 million, according to a report on TreppWire.

The two loans, securitized through LB-UBS Commercial Mortgage Trust, 2005-C2, previously had been modified into $140 million of A-notes and $79.4 million of B-notes. Their collateral had been owned by a group of tenant-in-common investors, but eventually was taken over by RXR Realty through a mezzanine-loan foreclosure.

Earlier this month, NorthStar Realty Finance Corp....





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Additional Info

  • Syndicate to Realpoint: No
  • Sector: Office
  • Subject: Commercial MBS (CMBS), Mortgages/Financing (MOR)
  • Deal Name: LB-UBS Commercial Mortgage Trust, 2005-C2
  • Company: U.S. Restaurant Properties Inc.
  • Private: Yes
  • bloombergDealName: LBUBS 2005-C2
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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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