CMBS

Wells Fargo has originated an $871 million CMBS transaction that marks the first such deal to have interest holdings that would fulfill the US risk retention rules coming into effect this December.

Credit Suisse Asset Management (CSAM), the Class X noteholder in four legacy Titan Europe CMBS deals, has been granted leave to appeal an April High Court judgement which rejected its claim for additional interest in payments due to it.

The largest loan in the Wachovia Bank Commercial Mortgage Trust 2006-C25 (WBCMT 2006-C25) CMBS securitization has been transferred back into special servicing, Fitch Ratings warned this week.

Bank lenders captured CRE market share from CMBS conduit lenders whose originations had stalled due to market volatility in January and February, shows a newly released CBRE report.

Morgan Stanley, through its CMBS platform, has provided $35.925 million on the acquisition of three multifamily properties in the Chicago suburbs.

Bank of America Merril Lynch and UBS plan to originate a $876.3 million BACM 2016-UBS10 transaction, backed by 52 loans on 84 properties.

Bank of America Merrill Lynch (BAML) has sold its second European CMBS of the year, with the AAA tranche priced towards the high end of indicative pricing.

The soon-to-crest “refi wave” in US CMBS will have loan maturities in excess of $12 billion per month, according to a new report from Moody’s Investor’s Service. And without a significant disruption to the market in the coming months, most of these maturing loans are well positioned to pay off.

The AAA notes indicatively priced at 120-130 basis points over three-month Euribor.

Sweeping wildfires have led Fitch Ratings to place six CMBS transactions backed by properties in Alberta, Canada on watch. The wildfires, ignited by an unusually dry winter, have been ravaging the oil town of Fort McMurray in Alberta, Canada the past several days.