Oversubscribed DDR CMBS Deal Prompts Bank of America To Prepare $460M Fortress Deal
November 19, 2009
The commercial mortgage backed securities issued earlier this week on the back of DDR retail assets has caught the attention of others who were closely monitoring that issue. Some reports indicated that the DDR deal was up to 10x oversubscribed. So, not only is a follow on issue for DDR said to be in the [...]
Read More >>DDR Issue Signals Slow Return of CMBS Market
November 16, 2009
Developers Diversified Realty is issuing about $400M in commercial backed mortgage securities (CMBS) in a sale that is reportedly three times oversubscribed. The highest quality tranche is reported to go at about 4%, which is about 280 bps above the 1-year LIBOR, which is pretty good. Of course, part of what is driving the interest [...]
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