Commercial mortgage

Trepp Selected to Manage Commercial Mortgage Loan Insurance Index LifeComps™

Retrieved on: 
Wednesday, January 8, 2020
Economy, Money, Finance, Banking, Mortgage, Loans, Mortgage loan, Commercial mortgage, Structured finance

NEW YORK, Jan. 8, 2020 /PRNewswire-PRWeb/ -- Trepp, a leading provider of information analytics and technology to the structured finance, commercial real estate, and banking markets announced today that it has been selected to be the exclusive manager and administrator of the life insurance commercial mortgage whole loan index known as LifeComps.

Key Points: 
  • NEW YORK, Jan. 8, 2020 /PRNewswire-PRWeb/ -- Trepp, a leading provider of information analytics and technology to the structured finance, commercial real estate, and banking markets announced today that it has been selected to be the exclusive manager and administrator of the life insurance commercial mortgage whole loan index known as LifeComps.
  • LifeComps provides a quantifiable investment performance index and serves as a benchmark for privately held commercial real estate mortgages.
  • Current LifeComps participants represent about a third of the life insurance commercial mortgage market with more than $144 billion principal balance as of June 2019.
  • "We are pleased to have been selected to partner with LifeComps," said Russell Hughes, head of data consortia initiatives at Trepp.

Tremont Mortgage Trust Provides $14.9 Million First Mortgage Bridge Loan for the Refinancing of 1000 Floral Vale in Yardley, PA

Retrieved on: 
Monday, December 23, 2019
REIT, Finance, Banking, Professional services, Construction & Property, Mortgage, Economy, Money, Finance, Mortgage loan, Refinancing, Nigeria Mortgage Refinance Company, Commercial mortgage

Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $14.9 million first mortgage bridge loan to refinance a four-story, 87,200 square foot office building located in Yardley, PA.

Key Points: 
  • Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $14.9 million first mortgage bridge loan to refinance a four-story, 87,200 square foot office building located in Yardley, PA.
  • This floating rate loan includes initial funding of approximately $14.0 million and a future funding allowance of approximately $893 thousand for building improvements.
  • The loan is structured with a three-year initial term and a one-year extension option, subject to the borrower meeting certain requirements.
  • Tremont Mortgage Trust (Nasdaq: TRMT) is a real estate finance company that focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate.

RMR Real Estate Income Fund Announces Intention to Convert to a Commercial Mortgage REIT

Retrieved on: 
Monday, December 16, 2019
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Economy, Money, Finance, Mortgage, Real estate investment trust, Mortgage loan, Commercial mortgage, United States housing bubble, Commercial Mortgage Securities Association, Mortgage-backed security

As a commercial mortgage REIT, RIF will focus on originating and acquiring first mortgage whole loans, generally of $50.0 million or less, secured by middle market and transitional commercial real estate.

Key Points: 
  • As a commercial mortgage REIT, RIF will focus on originating and acquiring first mortgage whole loans, generally of $50.0 million or less, secured by middle market and transitional commercial real estate.
  • RIF shareholders are urged to vote FOR the Business Change Proposal to convert RIF to a commercial mortgage REIT.
  • Conversion to a commercial mortgage REIT could provide RIF shareholders with a debt-focused investment strategy that provides a more favorable risk-return tradeoff than equity investments in listed real estate securities.
  • With a decrease in available capital from traditional commercial real estate (CRE) debt providers, borrowers are looking to alternative CRE lenders who can operate with fewer regulatory constraints.

RBC Royal Bank changes residential mortgage special rates

Retrieved on: 
Thursday, December 12, 2019
Economy, Money, Finance, Loans, Mortgage loan, Banking, Mortgage, Monetary policy, Mathematical finance, Interest rate, Commercial mortgage

"We consider a number of factors when making changes to mortgage rates, including our funding costs and market conditions.

Key Points: 
  • "We consider a number of factors when making changes to mortgage rates, including our funding costs and market conditions.
  • Based on current conditions, our rates reflect the right balance between our clients' expectations and our costs of funding mortgages," said Mary Ellen Brown, Senior Vice-President, Home Equity Financing, RBC.
  • * The rates indicated are special discounted rates and are not the posted rates of Royal Bank of Canada.
  • To calculate a rate discount compare the Special Offer rate against the posted rate for the applicable term.

KBRA Assigns Preliminary Ratings to CF 2019-CF3

Retrieved on: 
Tuesday, December 3, 2019
Banking, Professional services, Finance, Finance, Money, Economy, Kroll Bond Rating Agency, Mortgage, Structured finance, Corporate finance, Commercial mortgage, KBRA, Capitalization rate

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of CF 2019-CF3 (see ratings list below), a $789.1 million CMBS conduit transaction collateralized by 48 commercial mortgage loans secured by 67 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of CF 2019-CF3 (see ratings list below), a $789.1 million CMBS conduit transaction collateralized by 48 commercial mortgage loans secured by 67 properties.
  • The collateral properties are located in 20 states, with the top three states represented by California (19.7%), New York (14.7%), and Maryland (10.9%).
  • The pool has exposure to all the major property types, with the top three being office (34.6%), multifamily (27.4%), and retail (12.4%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 42.8% less than third party appraisal values.

KBRA Assigns Preliminary Ratings to BANK 2019-BNK23

Retrieved on: 
Monday, November 18, 2019
Banking, Professional services, Insurance, Finance, Finance, Money, Financial markets, Structured finance, Mortgage-backed security, Mortgage, Kroll Bond Rating Agency, Corporate finance, Commercial mortgage-backed security, Commercial mortgage, KBRA

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of BANK 2019-BNK23 (see ratings list below), a $1.3 billion CMBS conduit transaction collateralized by 47 commercial mortgage loans secured by 100 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of BANK 2019-BNK23 (see ratings list below), a $1.3 billion CMBS conduit transaction collateralized by 47 commercial mortgage loans secured by 100 properties.
  • The collateral properties are located in 25 states, with the top three states represented by California (41.7%), New York (12.8%), and Georgia (4.7%).
  • The pool has exposure to all the major property types, with the top three being office (35.6%), multifamily (25.4%), and retail (20.6%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 40.1% less than third party appraisal values.

KBRA Assigns Preliminary Ratings to CSAIL 2019-C18

Retrieved on: 
Wednesday, November 13, 2019
Banking, Professional services, Finance, Finance, Money, Financial markets, Structured finance, Mortgage-backed security, Kroll Bond Rating Agency, Corporate finance, Mortgage, Commercial mortgage-backed security, Commercial mortgage, Credit rating agency

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 17 classes of CSAIL 2019-C18 (see ratings list below), a $689.0 million CMBS conduit transaction collateralized by 50 commercial mortgage loans secured by 80 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 17 classes of CSAIL 2019-C18 (see ratings list below), a $689.0 million CMBS conduit transaction collateralized by 50 commercial mortgage loans secured by 80 properties.
  • The collateral properties are located throughout 38 MSAs, the largest three of which are Las Vegas (13.8%), New York (6.2%), and Houston (6.1%).
  • The five largest loans represent 29.5% of the initial pool balance, while the top 10 loans represent 44.7%.
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 37.9% less than third party appraisal values.

CommLoan Welcomes Andrew Edelstein, New VP of Origination

Retrieved on: 
Friday, November 8, 2019
Economy, Mortgage, Money, Finance, Loans, Mortgage loan, Commercial mortgage, United States housing bubble

SCOTTSDALE, Ariz., Nov. 8, 2019 /PRNewswire-PRWeb/ --Andrew has spent his career in real estate, advocating for commercial mortgage borrowers by leveraging his unique capital markets knowledge and lender relationships.

Key Points: 
  • SCOTTSDALE, Ariz., Nov. 8, 2019 /PRNewswire-PRWeb/ --Andrew has spent his career in real estate, advocating for commercial mortgage borrowers by leveraging his unique capital markets knowledge and lender relationships.
  • In the last 10 years, Andrew has helped borrowers fund more than one billion dollars in commercial loans on a variety of asset types and with a diverse set of capital sources.
  • CommLoan - a commercial mortgage company with the technology and operational support to transform the commercial borrower experience (by reducing lag time and minimizing fees) was the perfect fit.
  • Andrew is excited to communicate the unique value proposition of CommLoan to all of his clients and partners.

CMLS Financial releases November 2019 Commercial Mortgage Commentary

Retrieved on: 
Wednesday, November 6, 2019
Finance, Money, Economy, Mortgage, Structured finance, Real estate investment trust, Mortgage broker, Commercial mortgage-backed security, Mortgage loan, Commercial mortgage

TORONTO, Nov. 06, 2019 (GLOBE NEWSWIRE) -- CMLS Financial, one of Canadas largest, independently owned mortgage services companies, has released their latest Commercial Mortgage Commentary , an in-depth analysis of the commercial mortgage market in Canada.

Key Points: 
  • TORONTO, Nov. 06, 2019 (GLOBE NEWSWIRE) -- CMLS Financial, one of Canadas largest, independently owned mortgage services companies, has released their latest Commercial Mortgage Commentary , an in-depth analysis of the commercial mortgage market in Canada.
  • Our November 2019 commentary looks at True North Commercial REITs acquisitions of two office properties, City of Burnabys plans to revamp one of Canadas most successful malls, the latest commercial mortgage spreads, and more.
  • CMLS Financial is Canadas only dedicated provider of commercial mortgage market intelligence.
  • On a quarterly basis, CMLS Financial publishes a commentary on the Canadian commercial mortgage market with specific analysis of the conventional market, the CMHC insured market, and the Canadian CMBS market.

KBRA Assigns Preliminary Ratings to JPMDB 2019-COR6

Retrieved on: 
Thursday, November 7, 2019
Professional services, Finance, Finance, Money, Economy, Mortgage-backed security, Structured finance, Kroll Bond Rating Agency, Mortgage, Corporate finance, Commercial mortgage-backed security, Commercial mortgage, KBRA, Capitalization rate

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 17 classes of JPMDB 2019-COR6 (see ratings list below), an $807.2 million CMBS conduit transaction collateralized by 32 commercial mortgage loans secured by 117 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 17 classes of JPMDB 2019-COR6 (see ratings list below), an $807.2 million CMBS conduit transaction collateralized by 32 commercial mortgage loans secured by 117 properties.
  • The collateral properties are located in 27 states, with the top three states represented by California (34.1%), Illinois (8.5%), and New York (8.0%).
  • The pool has exposure to all the major property types, with the top three being office (59.2%), multifamily (12.5%), and retail (11.6%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 42.3% less than third party appraisal values.