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The former property-assessed clean energy program administrator plans to sell off assets via Chapter 11, but PACE securitizations through its bankruptcy-remote trusts will continue to be backed by homeowner ad valorem assessments.
By Glen FestDecember 29 -
The three-year loan will boost the hotel-centered REIT's dwindling cash reserves battered by the COVID-19 global impact on travel.
By Glen FestDecember 28 -
The nonbank lender is co-sponsoring a $258.4 million residential mortgage pool comprised entirely of wealthy borrowers with 15-year term contracts.
By Glen FestDecember 21 -
The $425 million loan securitization is among two single-asset, commercial-mortgage deals launching this week. Brookfield Asset Management's global real estate arm is also tapping investors to finance an $825 million loan backed by a downtown Manhattan office building.
By Glen FestDecember 15 -
The pool of 359 loans also on average carry higher balances (over $900,000) compared to the REIT's earlier pass-through deal this year.
By Glen FestDecember 14 -
The single-family, duplex and multi-unit condo properties have an average age of 60 years, more than double the age of other rated SFR securitizations.
By Glen FestDecember 7 -
The transaction involving 345 high-balance mortgages is just the third sponsored by Morgan Stanley's mortgage acquisition and trading arm since the financial crisis more than a decade ago.
By Glen FestDecember 3 -
Other portions of the casino-property loan have been previously assigned to nine other commercial-mortgage securitizations.
By Glen FestNovember 30 -
Citigroup's realty arm is sponsoring a $1.06 billion RMBS of highly seasoned mortgage loans with troubled histories. All of the loans were acquired via a Fannie whole-loan auction.
By Glen FestNovember 25 -
The insurance company has previously sponsored three securitizations of reperforming/nonperforming loans since 2017.
By Glen FestNovember 24