Commercial mortgage

Trepp Analyzes CRE Loan Defaults & Loss Rates: Serious Challenges Ahead

Retrieved on: 
Monday, July 13, 2020
Economy, Money, Finance, Loans, Banking, Mortgage, Mortgage loan, Analytics, Bank, Structured finance, Commercial mortgage

NEW YORK, July 13, 2020 /PRNewswire-PRWeb/ --Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released its latest report, "Analyzing CRE Loan Defaults & Loss Rates: Serious Challenges Ahead".

Key Points: 
  • NEW YORK, July 13, 2020 /PRNewswire-PRWeb/ --Trepp, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released its latest report, "Analyzing CRE Loan Defaults & Loss Rates: Serious Challenges Ahead".
  • The loans used for this analysis are commercial mortgage loans, spanning a broad range of size, geography, and property type.
  • Trepp's Anonymized Loan Level Repository (T-ALLR) houses CRE and C&I data from large and mid-sized commercial banks.
  • The T-ALLR Data Feed contains anonymized loan level and period level attribute and performance information on each loan.

Cameron Stephens Launches Private Placement Offering on DealSquare

Retrieved on: 
Wednesday, July 8, 2020
Economy, Finance, Money, Banking, Loans, Mortgage loan, Commercial mortgage, Mortgage broker, Economy, Finance, Money, Banking, Loans, Mortgage loan, Commercial mortgage, Mortgage broker

TORONTO, July 08, 2020 (GLOBE NEWSWIRE) -- Cameron Stephens , a non-bank mortgage lender operating in Ontario, Alberta, and British Columbia, today announced the launch of its $100 million private placement offering on DealSquare for the Cameron Stephens High Yield Mortgage Trust (CSMT).

Key Points: 
  • TORONTO, July 08, 2020 (GLOBE NEWSWIRE) -- Cameron Stephens , a non-bank mortgage lender operating in Ontario, Alberta, and British Columbia, today announced the launch of its $100 million private placement offering on DealSquare for the Cameron Stephens High Yield Mortgage Trust (CSMT).
  • The Cameron Stephens High Yield Mortgage Trust (CSMT) was developed to enable Cameron Stephens to meet the growing demand for private capital in the commercial mortgage space.
  • To view Cameron Stephens private placement offering on DealSquare, click here .
  • Cameron Stephens Mortgage Capital Ltd. (Cameron Stephens) is a leading non-bank mortgage lender that operates in Ontario, Alberta, and British Columbia.

KBRA Assigns Preliminary Ratings to Citigroup Commercial Mortgage Trust 2020-WSS

Retrieved on: 
Monday, July 6, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Loans, Kroll Bond Rating Agency, Mortgage, Structured finance, Commercial mortgage-backed security, KBRA, Commercial mortgage, WoodSpring Hotels, Collateral

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to four classes of Citigroup Commercial Mortgage Trust 2020-WSS, a $413.25 million CMBS single-borrower transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to four classes of Citigroup Commercial Mortgage Trust 2020-WSS, a $413.25 million CMBS single-borrower transaction.
  • The underlying collateral consists of 74 economy extended-stay properties operating under the WoodSpring Suites flag located in 26 states.
  • The results of our analysis yielded a KBRA net cash flow (KNCF) for the portfolio of roundly $45.0 million.
  • To value the portfolio, KBRA applied a blended capitalization rate of 11.99% to arrive at a KBRA value of $375.3 million.

KBRA Assigns Ratings to JPMDB 2020-COR7

Retrieved on: 
Tuesday, June 30, 2020
Banking, Other Professional Services, Professional services, Finance, Finance, Money, Economy, Mortgage, Kroll Bond Rating Agency, Structured finance, Commercial mortgage-backed security, Commercial mortgage, KBRA, Mortgage loan

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of ratings to 17 classes of JPMDB 2020-COR7, a $727.4 million CMBS conduit transaction collateralized by 33 commercial mortgage loans secured by 149 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of ratings to 17 classes of JPMDB 2020-COR7, a $727.4 million CMBS conduit transaction collateralized by 33 commercial mortgage loans secured by 149 properties.
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 43.4% less than third party appraisal values.
  • KNCF and KBRA value are key inputs for the credit model KBRA uses to rate CMBS multi-borrower transactions.
  • To access ratings and relevant documents, click here .

KBRA Assigns Preliminary Ratings to JPMDB 2020-COR7

Retrieved on: 
Wednesday, June 17, 2020
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, KBRA

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 17 classes of JPMDB 2020-COR7, a $909.4 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 153 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 17 classes of JPMDB 2020-COR7, a $909.4 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 153 properties.
  • The collateral properties are located throughout 43 MSAs, the largest three of which are Los Angeles (22.4%), New York (20.1%) and San Francisco (8.7%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 45.1% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

KBRA Preliminary Ratings to BANK 2020-BNK27

Retrieved on: 
Monday, June 15, 2020
Professional services, Other Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Finance, Money, Financial markets, Structured finance, Mortgage-backed security, Kroll Bond Rating Agency, Corporate finance, Mortgage, Commercial mortgage-backed security, Commercial mortgage, KBRA

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 14 classes of BANK 2020-BNK27, a $617.9 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 46 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 14 classes of BANK 2020-BNK27, a $617.9 million CMBS conduit transaction collateralized by 36 commercial mortgage loans secured by 46 properties.
  • The collateral properties are located throughout 24 MSAs, the largest three of which are New York (29.5%), Las Vegas (13.6%) and San Francisco (12.9%).
  • 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.
  • To access ratings and relevant documents, click here .

SBA Interest Rates Hit All-Time Historic Low – Small Business Wins with the 504 Program

Retrieved on: 
Thursday, June 11, 2020
Professional services, Small business, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Economy, Mortgage, Money, Finance, Refinancing, Commercial mortgage, Mortgage loan, SBA 504 Loan, Small Business Administration, Cash out refinancing, Debt, Balloon payment mortgage

Small Business Administration (SBA) commercial mortgage interest rates have fallen to an all-time historic low, creating a very timely and affordable opportunity for small business owners to refinance conventional mortgage and other business related debt with or without a cash-out option or purchase commercial real estate.

Key Points: 
  • Small Business Administration (SBA) commercial mortgage interest rates have fallen to an all-time historic low, creating a very timely and affordable opportunity for small business owners to refinance conventional mortgage and other business related debt with or without a cash-out option or purchase commercial real estate.
  • The SBA 504 Loan Program available through Florida First Capital Finance Corporation provides up to 90% project financing at below-market, fixed interest rates (no ARMS) and fully amortizing terms up to 25 years (no balloons).
  • SBA 504 fixed interest rates are currently as low as 2.52%.
  • Small business owners who are considering refinancing or purchasing commercial real estate need to act now given the current unprecedented low rate environment.

Ellington Financial Inc. Completes $259.3 Million Non-QM Loan Securitization

Retrieved on: 
Monday, June 8, 2020
Consulting, Banking, Professional services, Finance, Finance, Money, Economy, Structured finance, United States housing bubble, Financial law, Mortgage-backed security, Securitization, Asset-backed security, Mortgage loan, Commercial mortgage-backed security, Commercial mortgage, Ellington Financial Inc., LendSure Mortgage Corp.

Ellington Financial Inc. (NYSE: EFC) (the "Company") announced today that it has closed a $259.3 million securitization backed by a pool of non-qualified residential mortgage (non-QM) loans.

Key Points: 
  • Ellington Financial Inc. (NYSE: EFC) (the "Company") announced today that it has closed a $259.3 million securitization backed by a pool of non-qualified residential mortgage (non-QM) loans.
  • We are very pleased with the execution of this securitization of non-QM loans, especially given the challenges of the past few months, said JR Herlihy, Chief Financial Officer of the Company.
  • Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, and other strategic investments.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

KBRA Assigns Ratings to WFCM 2020-C56

Retrieved on: 
Thursday, June 4, 2020
Banking, Professional services, Finance, Finance, Money, Financial markets, Mortgage-backed security, Structured finance, Kroll Bond Rating Agency, Mortgage, Commercial mortgage-backed security, Commercial mortgage, Credit rating agency, KBRA, WFCM

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of ratings to 17 classes of WFCM 2020-C56, a $731.1 million CMBS conduit transaction collateralized by 44 commercial mortgage loans secured by 64 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of ratings to 17 classes of WFCM 2020-C56, a $731.1 million CMBS conduit transaction collateralized by 44 commercial mortgage loans secured by 64 properties.
  • The pool has exposure to all of the major property types, with two types representing more than 10.0% of the pool balance: multifamily (43.2%) and office (23.1%).
  • 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.
  • To access ratings and relevant documents, click here .

KBRA Releases Research – Coronavirus (COVID-19): CMBS Loan Performance Trend Update

Retrieved on: 
Wednesday, June 3, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Mortgage, Structured finance, Commercial mortgage-backed security, Kroll Bond Rating Agency, United States housing bubble, Commercial mortgage, Loan servicing, Mortgage-backed security

Kroll Bond Rating Agency (KBRA) releases a report on the wave of commercial real estate (CRE) coronavirus (COVID-19) pandemic-related borrower relief requests, special servicing transfers, and increased delinquencies that materialized in the May 2020 reporting period.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report on the wave of commercial real estate (CRE) coronavirus (COVID-19) pandemic-related borrower relief requests, special servicing transfers, and increased delinquencies that materialized in the May 2020 reporting period.
  • In this report, KBRA provides observations across its $285 billion rated universe of U.S. private label commercial mortgage-backed securities (CMBS) including conduits, single-asset single borrower (SASB), and large loan (LL) transactions.
  • The report is an update of KBRAs CMBS Special Servicing and Watchlist Trends research, which covered loan performance trends over March 2020 to mid-April.
  • May 2020 performance data indicates overall delinquencies rose to 5% ($14.4 billion), or approximately 5x the February delinquency rate.