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

Tuesday, 12 March 2019

UBS Lends $240Mln Against Colonnade Office Complex Near Dallas

UBS has provided $240 million of financing against the 1.1 million-square-foot Colonnade office complex in the Dallas suburb of Addison, Texas. A $63 million subordinate piece of the financing was syndicated to EverWest Real Estate Investors. The debt allowed for the defeasance of a $152.4 million CMBS loan that was securitized six years ago.

 

 

 

Commercial Real Estate Direct Staff Report

UBS has provided $240 million of financing against the 1.1 million-square-foot Colonnade office complex in the Dallas suburb of Addison, Texas.

The loan allowed the property's owner, a venture of Fortis Property Group and Phoenix Holdings, an Israeli financial group, to defease, or replace with government securities, the existing $152.4 million mortgage against the three-building property. That loan was securitized through Morgan Stanley Bank of America Merrill Lynch Trust, 2013-C9. It pays a coupon of 4.26 percent and doesn't mature until 2023.

UBS provided the new loan, which has a five-year term, and syndicated a junior $63 million portion of it to...





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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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