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

Thursday, 09 March 2017

AXA Provides $99.2Mln Floating-Rate Loan Against Retail Portfolio

AXA Equitable Life Insurance Co. has provided a $99.2 million floating-rate loan against a portfolio of 10 retail properties totaling 508,233 square feet in four states. HFF arranged the debt, which is scheduled to mature March 2022. It has options for two one-year extensions.

Commercial Real Estate Direct Staff Report

AXA Equitable Life Insurance Co. has provided a $99.2 million floating-rate loan against a portfolio of 10 retail properties totaling 508,233 square feet in four states.

The loan, arranged by HFF, is scheduled to mature March 2022. It has options for two one-year extensions.

Clarion Partners owns the properties, which previously were unencumbered by debt. The New York investment manager acquired the portfolio, along with an 18,742-sf retail property at 3025 De La Vina St. in Santa Barbara, Calif., last fall for $218.8 million. Loja...





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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 - 2016
Investment Bank #Deals Vol$mln MktShr%
JPMorgan Securities 14.94 10,350.16 15.14
Deutsche Bank 14.21 9,926.60 14.52
Wells Fargo Securities 13.36 9,513.96 13.92
Citigroup 10.87 8,061.79 11.80
Goldman Sachs 10.05 7,563.72 11.07

 

MOODY'S/RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2016
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 133.67 8,670.33 13.34
Goldman Sachs 156.20 7,418.37 11.41
Deutsche Bank 178.17 6,510.75 10.02
Citigroup 184.41 5,512.20 8.48
Morgan Stanley 113.18 4,130.53 6.35

 

 

 

REITCafe

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  • 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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