Wednesday, April 10, 2013

CRE Liquidity: Too Much, Too Little or Just Right?

National Commercial Real Estate News From CoStar Group

CRE Liquidity: Too Much, Too Little or Just Right?

Morgan Stanley and Bank of America/Merrill Lynch are going to market in the coming days with a CMBS offering that has a kind of scary déjà vu feeling to it for investors.

The loans in the offering (MSBAM 2013-C9) have a 98.8% loan-to-value (LTV) ratio, according to Kroll Bond Rating Agency. That is above the high end of the range of the last 11 CMBS conduits Kroll has rated since September 2012. In addition, there are 29 loans packaged as part...

Sternlicht and Barrack Tapping Capital Markets To Fund Additional Single-Family Acquisitions

Colony Capital and Starwood Capital Group, two of the giants of global real estate investments who also happen to be among the first and biggest bulk buyers of foreclosed single-family homes, are preparing new equity offerings to raise additional money.

Starwood Property Trust, Inc., a commercial real estate REIT that only last year won board approval to invest in foreclosed single-family residential assets and residential loans, now has amassed...

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