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

Properties

Properties (11398)

Properties category

Villas at Duluth/1470 Boggs Road NW

Tuesday, 17 September 2019 Written by

24151 Ventura Blvd.

Tuesday, 17 September 2019 Written by

Griffis at Lowry is encumbered by a $19.6 million loan securitized through FREMF, 2014-K714, and a $2 million supplemental loan that's in FREMF 2018-KJ22FX. The senior loan carries a 3.59 percent coupon, while the supplemental loan has a 4.65 percent rate. Both mature in May 2020. The complex reported a 94 percent occupancy rate in June, according to servicer data compiled by Trepp LLC. Cash flow for the first six months of 2019 was $1.06 million.

815 Connecticut Ave. NW

Tuesday, 17 September 2019 Written by

The REIT used proceeds from the sales to retire a total of $32.8 million of financing securitized through Banc of America Merrill Lynch Large Loan Inc., 2019-ASHF

Majestic Bay Townhomes/2459 South 16th St.

Tuesday, 17 September 2019 Written by

CBRE secured a $15.3 million Freddie Mac loan to finance the acquisition.

Heyman Center/730 South Western Ave.

Tuesday, 17 September 2019 Written by

87 percent occupied.

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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

 

 

 

REITCafe

  • Challenging Retail Environment Weights on REITs
    Mixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...
     
  • US REITs Feeling Effects from Turmoil in Greece and China
    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds
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