Guarantee Your Edge
in Property Finance

Every week, Commercial Mortgage Alert gives subscribers the earliest look at key lending and securitization activities — real estate financings you're not supposed to know about.

Selections from Recent Issues


Crisis Complicates BofA Syndication Effort

Bank of America appears to be having a tough time lining up syndicate partners for a $400 million mortgage it originated on an office condominium in...

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Goldman to Lead Big Loan on Calif. Studios

Goldman Sachs and Barclays have agreed to lend a Blackstone joint venture $900 million to finance the recapitalization of three Hollywood production...

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Forbearance by CLO Managers Questioned

Investors in commercial real estate CLOs are increasingly concerned about the way managers are granting forbearance to borrowers struggling with...

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Smaller Bridge Lenders Capitalize on Crisis

The coronavirus pandemic has broadened origination opportunities for bridge lenders that previously saw few chances to bid on loans to large, institutional...

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Short Supply Boosts Pricing of Conduit, CLO

Spreads were tightening sharply on commercial MBS this week, pushed in by strong demand amid a shortage of deals.

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CLO Investors Waking Up to PIK Loophole

Junior bondholders in commercial real estate CLOs suddenly are worried about an often-overlooked provision in deal documents that could hinder cashflows in...

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Popular CMBS Swap Trade Comes Up Short

Commercial MBS traders are abuzz over the recent performance of derivatives that hedge funds and others have long used to short the shopping-mall...

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RFR Seeks Debt to Buy Fifth Avenue Offices

RFR Holding is on the hunt for a $300 million loan to finance its purchase of an office condominium at 522 Fifth Avenue in Midtown Manhattan.

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CLO Shops Turn to Private Financing Deals

The disruption of the commercial real estate CLO market is prompting more issuers to turn to private transactions as a way to shore up their financial...

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Hotel Lender Hawks Big Mortgage Portfolio

A lender specializing in hotel properties is looking to sell $325 million of performing and nonperforming mortgages.

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Financing Sought for Manhattan Office Deal

Savanna is seeking $323 million of debt to finance its purchase of an office building in Midtown Manhattan that it owned once before.

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SL Green Eyes Refi After Sale Fell Through

Aareal Capital is in position to refinance a landmark office building in Midtown Manhattan for SL Green Realty after a deal to sell the property collapsed...

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