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

Tuesday, 30 October 2018

CMBS Loan Against Mall of Acadiana in Lafayette, La., Put on Sales Block

The $119.5 million loan is one of 11 left in the collateral pool of Banc of America Commercial Mortgage Trust, 2007-2, which originally had a balance of $3.2 billion and so far has suffered nearly $310 million of losses. The Mall of Acadiana, owned by CBL & Associates Properties, was appraised in May at a value of $45.9 million.

Commercial Real Estate Direct Staff Report

Special servicer CWCapital Asset Management has put the $119.5 million CMBS loan against the Mall of Acadiana in Lafayette, La., on the sales block through Mission Capital Advisors.

As it has in previous similar transactions, Mission is working with CWCapital's RealInsight Marketplace to sell the loan. It has started distributing marketing material and will take offers through RealInsight's online platform between Dec. 3 and Dec. 5.

The loan's collateral is comprised of roughly 300,000 square feet of the 1.6 million-sf shopping center that's owned by CBL & Associates Properties. The remaining space is separately owned and occupied by the mall's anchors, Macy's, JCPenney, Dillard's and Sears, which no longer occupies its space. It has 102 inline store spaces that are nearly 97 percent occupied when temporary tenants are taken into account.

The loan is the largest left in the collateral pool for Banc of America Commercial Mortgage Trust, 2007-2, which includes 10 others, with a combined balance of $53.6 million,...





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  • Breaking mortgage, CMBS, and REIT news

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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

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