Commercial mortgage-backed security

CoStar Group Announces Commercial Mortgage-Backed Securities (CMBS) Data Integration

Retrieved on: 
Wednesday, February 17, 2021
Consulting, Other Construction & Property, Professional services, Commercial Building & Real Estate, Construction & Property, CoStar Group, Financial markets, Costar, Commercial mortgage-backed security, CRE, Finance

Today, CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, announced CMBS loan and property data is now integrated with CoStars market-leading commercial real estate (CRE) information platform.

Key Points: 
  • Today, CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, announced CMBS loan and property data is now integrated with CoStars market-leading commercial real estate (CRE) information platform.
  • CoStar remains dedicated to helping owners, lenders and brokers find more opportunities and make the best decisions faster, said CoStar Group Founder and CEO Andrew Florance.
  • The integration of CMBS data into CoStar provides clients with unparalleled power and even more transparency into CRE property data and access to proprietary information.
  • CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces.

SEC Charges Ratings Agency With Disclosure And Internal Controls Failures Relating To Undisclosed Model Adjustments

Retrieved on: 
Tuesday, February 16, 2021
Financial markets, Mortgage-backed security, Commercial mortgage-backed security, Finance, Money, Credit rating agencies, Morningstar, Inc.

Credit ratings are used by market participants to help evaluate credit risk, price certain securities, and guide the investment decisions of individuals and institutional investors alike.

Key Points: 
  • Credit ratings are used by market participants to help evaluate credit risk, price certain securities, and guide the investment decisions of individuals and institutional investors alike.
  • According to the complaint, in 30 CMBS transactions totaling $30 billion that Morningstar rated from 2015 to 2016, the credit rating agency permitted analysts to make undisclosed adjustments to key stresses in the model that it used in determining the rating for that transaction.
  • The complaint also alleges that Morningstar failed to establish and enforce an effective internal control structure governing the adjustments for a total of 31 transactions.
  • In this action, the complaint alleges that Morningstar failed on both counts by permitting analysts to make undisclosed adjustments over which Morningstar had no effective internal controls.

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 .

KBRA Assigns Preliminary Ratings to GSMS 2021-RENT

Retrieved on: 
Wednesday, February 10, 2021
Banking, Professional services, Finance, Finance, Money, Structured finance, Credit risk, United States housing bubble, Fixed-income securities, Mortgage-backed security, Commercial mortgage-backed security, KBRA, Credit rating agency, Securitization

Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to 13 classes of GSMS 2021-RENT, a CMBS single-borrower securitization.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) announces the assignment of preliminary ratings to 13 classes of GSMS 2021-RENT, a CMBS single-borrower securitization.
  • In addition, KBRA also relied on its Global Structured Finance Counterparty Methodology for assessing counterparty risk in this transaction, to the extent deemed applicable.
  • The results of our analysis yielded a KBRA net cash flow (KNCF) of approximately $33.2 million.
  • To value the property, we applied a capitalization rate of 7.25% to arrive at a KBRA value of approximately $457.3 million.

KBRA Assigns Preliminary Ratings to Taurus 2021-1 UK DAC

Retrieved on: 
Wednesday, February 10, 2021
Banking, Professional services, Finance, Finance, Money, Financial markets, Nationally recognized statistical rating organization, Kroll, Structured finance, Credit rating agency, Commercial mortgage-backed security, Bond, KBRA

Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2021-1 UK DAC, a CMBS single-borrower securitisation.

Key Points: 
  • Kroll Bond Rating Agency UK Limited (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of Taurus 2021-1 UK DAC, a CMBS single-borrower securitisation.
  • Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.
  • Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime.
  • Kroll Bond Rating Agency UK is located at Augustine House, Austin Friars, London, EC2N 2HA, United Kingdom.

KBRA Assigns Preliminary Ratings to ONE 2021-PARK

Retrieved on: 
Monday, February 8, 2021
Banking, Professional services, Finance, Money, Finance, Economy, United States housing bubble, Banking, Interest rates, Structured finance, Commercial mortgage-backed security, Mortgage-backed security, Securitization, Floating interest rate, Credit rating agency

Kroll Bond Rating Agency (KBRA) announces the preliminary assignment of ratings to six classes of ONE 2021-PARK, a CMBS single-borrower securitization.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) announces the preliminary assignment of ratings to six classes of ONE 2021-PARK, a CMBS single-borrower securitization.
  • The floating rate loan has an initial two-year term with three, one-year extension options, and requires monthly interest-only payments based on one-month LIBOR.
  • The results of our analysis yielded a KBRA net cash flow (KNCF) of approximately $40.0 million.
  • To value the property, we applied a capitalization rate of 7.00% to arrive at a KBRA value of approximately $569.2 million.

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.

Matthew Downs Joins Greystone’s CMBS Team as Managing Director

Retrieved on: 
Wednesday, January 27, 2021
Structured finance, Mortgage-backed security, Finance, Commercial mortgage-backed security, Money, Greystone, Mortgage, Banking

NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Matthew Downs has joined as a Managing Director on the CMBS lending team, reporting to Robert Russell.

Key Points: 
  • NEW YORK, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, announced that Matthew Downs has joined as a Managing Director on the CMBS lending team, reporting to Robert Russell.
  • In this role, Mr. Downs will originate CMBS, Agency and balance sheet loans for clients nationwide.
  • Mr. Downs has been a Board Member of the Real Estate Lenders Association since 2015 and served as New York Chapter President from 2013-2015.
  • Greystones platform provides an opportunity to work across a range of debt platforms, asset classes, and industry verticals, all of which can be complemented and enhanced by CMBS structures, commented Mr. Downs.

Chimera Investment Corporation Announces Date of Fourth Quarter and Full Year 2020 Financial Results and Conference Call

Retrieved on: 
Tuesday, January 26, 2021
Construction & Property, Professional services, REIT, Finance, Structured finance, Finance, Fixed-income securities, Mortgage-backed security, Money, Real estate investment trust, Commercial mortgage-backed security, Australian real estate investment trust, RMBS, Investment, United States housing bubble

If you would like to be added to the e-mail distribution list, please visit www.chimerareit.com , click on Contact Us & Email Alerts, and complete the email notification form.

Key Points: 
  • If you would like to be added to the e-mail distribution list, please visit www.chimerareit.com , click on Contact Us & Email Alerts, and complete the email notification form.
  • We are a publicly traded REIT that is primarily engaged in the business of investing directly or indirectly through our subsidiaries, on a leveraged basis, in a diversified portfolio of real estate assets, including mortgage loans, Agency RMBS, Non-Agency RMBS, Agency CMBS, and other real estate assets.
  • Please visit www.chimerareit.com for additional information about the Company.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20210126006047/en/

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 .