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

Wednesday, 24 July 2013

Lone Star Big Winner of Portfolio Offered by Orix; CMBS AJ Class Gets Hit

Lone Star Funds was the big buyer of most of the $1.5 billion portfolio of foreclosed real estate and distressed loans that Orix Capital Markets had offered. The Dallas investment manager is said to have taken down some $800 million of the assets that were sold. A big chunk was held by LB-UBS Commercial Mortgage Trust, 2007-C2, which saw its AJ class take a principal loss.

Data Digest

 

CMBS Deliquency Volume

dqdataFP1

 

CMBS Special Servicing Volume

sschartfp

Top Bookrunners
Private-Label CMBS

1H2014

Investment Bank

#Deal

Bal $mln

Mkt
Shr%

Deutsche Bank

16.0

12,761.50

32.44

JPMorgan

6.10

4,856.29

12.35

Wells Fargo

8.11

4,790.00

12.18

Citigroup

4.33

3,750.65

9.54

Goldman Sachs

4.00

3,722.62

9.46

 

Moody’s/RCA CPPI

cppichartAFP

 

CMBS Pricing Matrix (Legacy AAA Spreads)

AAAspreadsFPa

 

Top Loan Contributors
Domestic, Private-Label CMBS - 1H2014

Lender

Vol $mln

Mkt
Shr%

Deutsche Bank

8,118.01

20.87

JPMorgan

4,486.83

11.53

CCRE

3,064.41

7.88

Citigroup

2,779.70

7.15

Goldman Sachs

2,604.85

6.70

 

 

 

half-page-ad

warehouse-backstage