CMBS Gets a Nice Boost Next Week with New $1Billion Issuance

Word out this week that Royal Bank of Scotland and Wells Fargo Securities are bringing a new $1Billion CMBS issue to market.  Both organizations contributed loans to the issue along with Basis Real Estate Capital, Liberty Island Group and C-III Commercial Mortgage.  More than 85% of the issue is slated for public offering with the balance going to private investors under Reg 144A.

Another good sign for the conduit market.  Wells Fargo will also serve as Master Servicer and Torchlight Loan Services will be the Special Servicer.  The issue represents yet another step forward for Kroll Bond Ratings which only began rating new CMBS structures in March of 2012.

About markferraris
Managing Principal Orchard Street Partners LLC

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: