Tag Archives: BAML

BAML refinances Certeum for Blackstone’s Logicor in potential CMBS

Logicor, Blackstone’s European logistics platform, has selected BAML to refinance Certeum’s logistics property portfolio with a €575m five-year senior loan which the investment bank will either securitise in a new CMBS transaction or syndicate. Certeum, a logistics and industrial property … Continue reading

Gallery | Tagged , , , | Leave a comment

BAML tests CMBS market with first deal of the year in €317m Blackstone-sponsored Kingfisher transaction

BAML has launched the first European CMBS of the year, the securitization of a loan extended to Blackstone to acquire the Kingfisher retail-led property portfolio in Germany from bad bank FMS Wertmanagement. The capital structure for the €317.05m TAURUS 2016-1 … Continue reading

Gallery | Tagged , , , , | Leave a comment

Colony to close Gemini with £180m BAML loan as legacy valuation legal ruling looms

This gallery contains 1 photo.

Colony Capital will close the £311m purchase of the remaining 24-strong Gemini portfolio next week, financed with a five-year £180m senior loan by Bank of America Merrill Lynch (BAML). CoStar News understands that the five-year loan will be priced just … Continue reading

Gallery | Tagged , , | Leave a comment

European CMBS annual issuance closes 2015 at €5bn after summer of macro strife widens ABS spreads

This gallery contains 2 photos.

Commercial mortgage backed securitisation (CMBS) issuance in Europe reached €5.2bn in 2015, data compiled by Bank of America Merrill Lynch (BAML) shows, with the investment bank’s ABS research team forecasting between €5bn and €10bn next year. Annual deal flow, across … Continue reading

Gallery | Tagged , , | Leave a comment

BAML prices slimmed down Starwood Capital CMBS at blended discount

Bank of America Merrill Lynch (BAML) has priced the scaled back securitisation of two loans extended to Starwood Capital’s MStar Europe joint venture fund at a weighted average discount of 1.8% to par across the transaction. Final pricing for BAML’s … Continue reading

Gallery | Tagged , , , | Leave a comment

BAML issues pricing guidance for €177m Starwood Capital CMBS

Bank of America Merrill Lynch (BAML) has issued initial pricing guidance for its TAURUS 2015-3 EU DAC CMBS, the €176.7m securitisation of two loans extended to Starwood Capital’s MStar Europe joint venture with M7 Real Estate. The initial pricing guidance … Continue reading

Gallery | Tagged , , , , | Leave a comment

Deutsche Bank issues pricing guidance for the IVG ‘BONN’ CMBS

Deutsche Bank has just issued initial pricing guidance for the securitisation of the €679.9m loan secured by a portfolio of 29 German offices owned by IVG Immobilien. Initial pricing guidance for the six-tranche DECO 2014 BONN CMBS is as follows: … Continue reading

Gallery | Tagged , , , , | Leave a comment

Analysts predict up to €8bn in CMBS issuance levels next year after slow 2014

Primary issuance of new European CMBS transaction is forecast to more than double on 2014’s disappointing €3.5bn in annual volumes, although the annual forecasts so far published fall short of 2013’s revival year. CoStar News has collated four annual European … Continue reading

Gallery | Tagged , , , , , | Leave a comment

BAML privately places €410m unrated CMBS secured by Lone Star’s Coeur Défense

This gallery contains 1 photo.

Bank of America Merrill Lynch (BAML) has privately placed a €410m portion of a larger senior loan in an unrated CMBS secured by approximately half of the senior loan secured by Lone Star’s Coeur Défense to four separate accounts. BAML has … Continue reading

Gallery | Tagged , , , | Leave a comment