Commercial mortgage

KBRA Assigns Preliminary Ratings to Benchmark 2021-B24

Retrieved on: 
Monday, March 1, 2021
Professional services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Finance, Money, Economy, Loans, Mortgage-backed security, Structured finance, Fixed-income securities, Commercial mortgage-backed security, Corporate finance, Commercial mortgage, Mortgage loan, Collateral

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 18 classes of Benchmark 2021-B24, a $1.2 billion CMBS conduit transaction collateralized by 40 commercial mortgage loans secured by 71 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 18 classes of Benchmark 2021-B24, a $1.2 billion CMBS conduit transaction collateralized by 40 commercial mortgage loans secured by 71 properties.
  • The collateral properties are located throughout 52 MSAs, the largest three of which are New York (22.1%), Palm Beach County (10.8%), and Las Vegas (6.9%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 44.7% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

Granite Point Mortgage Trust Inc. Announces 2021 Annual Meeting of Stockholders

Retrieved on: 
Friday, February 26, 2021
Construction & Property, Professional services, REIT, Finance, Finance, Money, Financial services, Loans, Mortgage loan, Commercial mortgage

Granite Point Mortgage Trust Inc. (NYSE: GPMT) (GPMT, Granite Point or the Company) today announced that it will hold its 2021 Annual Meeting of Stockholders virtually on June 1, 2021, beginning at 10:00 a.m. Eastern Time.

Key Points: 
  • Granite Point Mortgage Trust Inc. (NYSE: GPMT) (GPMT, Granite Point or the Company) today announced that it will hold its 2021 Annual Meeting of Stockholders virtually on June 1, 2021, beginning at 10:00 a.m. Eastern Time.
  • We believe that hosting a virtual annual meeting will make our annual meeting more accessible for all of our stockholders.
  • Stockholders can attend the virtual annual meeting via the internet at http://www.virtualshareholdermeeting.com/GPMT2021 .
  • Granite Point Mortgage Trust Inc. is a Maryland corporation focused on directly originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments.

KBRA Releases Research – CMBS Loan Performance Trends: February Update

Retrieved on: 
Friday, February 26, 2021
Professional services, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Finance, Money, Structured finance, Fixed-income securities, Financial services, Mortgage, Commercial mortgage-backed security, Loans, Commercial mortgage, Mortgage-backed security, KBRA, Mortgage loan

Kroll Bond Rating Agency (KBRA) releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the February 2021 servicer reporting period.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the February 2021 servicer reporting period.
  • The delinquency rate for the period came in 60 basis points (bps) lower than in the previous month, at 5.9%, among KBRA-rated CMBS.
  • The decline was influenced by loan modification of several larger loans, at which time the related loans were reflected as current.
  • This month, KBRA analyzed 19,045 outstanding CMBS 2.0 conduit loans (KBRA rated and non-KBRA rated) for those that were reported as modified by the servicer during the pandemic (between April 2020 and December 2020).

RMR Mortgage Trust Enters into a Master Repurchase Facility with UBS AG

Retrieved on: 
Friday, February 19, 2021
Professional services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Money, Finance, Financial services, Mortgage, Loans, Mortgage loan, Commercial mortgage

RMR Mortgage Trust (Nasdaq: RMRM) today announced that it has entered into an agreement for a master repurchase facility with UBS AG, which it may use to leverage its commercial mortgage loan investments.

Key Points: 
  • RMR Mortgage Trust (Nasdaq: RMRM) today announced that it has entered into an agreement for a master repurchase facility with UBS AG, which it may use to leverage its commercial mortgage loan investments.
  • About RMR Mortgage Trust (Nasdaq: RMRM)
    RMR Mortgage Trust (Nasdaq: RMRM) is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate.
  • For example:
    Advancements under the repurchase facility is subject to RMRMs satisfying certain financial covenants and other repurchase facility conditions that RMRM may be unable to satisfy.
  • In addition, actual costs under the repurchase facility will be higher than LIBOR plus a premium because of fees and expenses associated with the repurchase facility.

Trepp Life Insurance Commercial Mortgage Return Index in the Fourth Quarter Signals Stability

Retrieved on: 
Thursday, February 11, 2021
Money, Finance, Financial services, Mortgage, Loans, Mortgage loan, Commercial mortgage

NEW YORK, Feb. 11, 2021 /PRNewswire-PRWeb/ --Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets has released the fourth quarter 2020 returns for its life insurance commercial mortgage index showing a stabilization for the second consecutive quarter.

Key Points: 
  • NEW YORK, Feb. 11, 2021 /PRNewswire-PRWeb/ --Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets has released the fourth quarter 2020 returns for its life insurance commercial mortgage index showing a stabilization for the second consecutive quarter.
  • Commercial mortgage investments held by life insurance companies posted a positive 1.22 percenttotal return in the fourth quarter of 2020, a slight decrease from the positive 1.71 return realized in the third quarter.
  • Income contributed 1.01 percent, and appreciation added 0.21 percentin the fourth quarter.
  • The LifeComps Commercial Mortgage Loan Index is the only published benchmark for the private commercial mortgage market based on actual mortgage loan cash flow and performance data which has been collected quarterly from participating life insurance companies since 1966.

KBRA Assigns Preliminary Ratings to BBCMS 2021-C9

Retrieved on: 
Thursday, February 11, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Structured finance, Mortgage-backed security, Fixed-income securities, Corporate finance, Mortgage, Commercial mortgage-backed security, Commercial mortgage, Collateral, KBRA

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of BBCMS 2021-C9, a $793.8 million CMBS conduit transaction collateralized by 57 commercial mortgage loans secured by 87 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of BBCMS 2021-C9, a $793.8 million CMBS conduit transaction collateralized by 57 commercial mortgage loans secured by 87 properties.
  • The collateral properties are located throughout 46 MSAs, the largest three of which are Las Vegas (11.4%), Philadelphia (9.6%), and Orange County (9.1%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 46.5% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

CMLS Financial releases February 2021 Commercial Mortgage Commentary

Retrieved on: 
Wednesday, February 3, 2021
Finance, Money, Financial services, Mortgage, Structured finance, Loans, Mortgage loan, Mortgage broker, Commercial mortgage-backed security, Commercial mortgage

TORONTO, Feb. 03, 2021 (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, Feb. 03, 2021 (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.
  • CMLS Financial is Canadas leading 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.
  • Founded in 1974, CMLS Financial has over 40 years experience as Canadas Mortgage Company.

KBRA Releases CREFC 2021 Annual Conference: Day 3 Recap

Retrieved on: 
Monday, January 25, 2021
Banking, Professional services, Finance, Money, Finance, Financial services, Mortgage, Loans, Banking, Commercial mortgage, Corporate finance, Mortgage loan, Real estate investing

Kroll Bond Rating Agency (KBRA) releases a recap of the final day of CREFCs 2021 virtual conference, held on January 22.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a recap of the final day of CREFCs 2021 virtual conference, held on January 22.
  • CREFC Chair Adam Behlman (Starwood Property Trust) opened the event which included two brief sessions, the Portfolio Lenders Survey and the CREFC Advocacy Update.
  • The survey is intended to elicit responses from portfolio lenders at life insurance companies.
  • They discussed their current view on several property types, as well as returns available on commercial real estate investments and commercial mortgages.

KBRA Preliminary Ratings to BANK 2021-BNK31

Retrieved on: 
Monday, January 25, 2021
Banking, Other Professional Services, Professional services, Finance, Finance, Money, Economy, Mortgage-backed security, Structured finance, Fixed-income securities, Corporate finance, Mortgage, Commercial mortgage-backed security, Commercial mortgage, Collateral, KBRA

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 36 classes of BANK 2021-BNK31, a $905.2 million CMBS conduit transaction collateralized by 61 commercial mortgage loans secured by 126 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 36 classes of BANK 2021-BNK31, a $905.2 million CMBS conduit transaction collateralized by 61 commercial mortgage loans secured by 126 properties.
  • The collateral properties are located throughout 30 MSAs, the largest three of which are New York (20.3%), Sacramento (9.9%), and Miami (8.8%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 44.1% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

KBRA Releases CREFC Day 1 & Day 2 Recap

Retrieved on: 
Friday, January 22, 2021
Commercial Building & Real Estate, Construction & Property, Professional services, Finance, Finance, Money, Economy, Fixed-income securities, Mortgage, Banking, Loans, Mortgage loan, Distressed securities, Bond, Commercial mortgage, Debt

Kroll Bond Rating Agency (KBRA) releases its CREFC Day 1 & Day 2 Recap.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases its CREFC Day 1 & Day 2 Recap.
  • Whereas last years Miami conference drew close to 2,000 commercial real estate professionals, roughly 3,500 registered attendees and panelists assembled virtually.
  • The Day 1 virtual sessions consisted of closed sessions by various CREFC forums.
  • The last open session of the day, Weaving Gold from Straw: Fundamentals of Distressed Commercial Mortgage Debt discussed various aspects of distressed debt.