BAML launches securitisation of two Starwood MStar JV European loans (updated)

Bank of America Merrill Lynch (BAML) has launched the securitisation of two loans amounting to circa €186m extended to Starwood Capital’s MStar Europe joint venture with M7 Real Estate secured by a 62-strong light industrial portfolio across France, Germany and … Continue reading →

BAML prices TAURUS 2015-2 DEU CMBS at below 200bps blended coupon

Bank of America Merrill Lynch has priced the €445m TAURUS 2015-2 DEU CMBS at a blended coupon of just under 200 basis points, excluding fees. Final pricing down the capital structure and subscription demand were as follows:       … Continue reading →

BAML issues initial pricing guidance for €445m ‘The Squaire’ CMBS

Bank of America Merrill Lynch has issued initial pricing guidance for its the €445m five-year TAURUS 2015-2 DEU CMBS, the securitisation of a loan secured by IVG Immobilien’s The Squaire at Frankfurt airport. The capital structure is as follows:   … Continue reading →

BAML launches €445m ‘The Squaire’ CMBS (updated)

Bank of America Merrill Lynch has launched the €445m five-year TAURUS 2015-2 DEU CMBS, the securitisation of a loan secured by IVG Immobilien’s The Squaire at Frankfurt airport. The capital structure is as follows:             … Continue reading →

Europe kick-starts CRE syndication league tables in transparency drive, full 2014 figures revealed

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Recorded secured commercial real estate (CRE) syndicated lending in Europe, the Middle East and Africa (EMEA) reached €28.9bn in 2014, in the inaugural attempt to measure market volumes on a consistent basis with broader global bank syndication markets. ING Syndicated … Continue reading →

BAML issues initial pricing guidance for Italian private equity CMBS

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Bank of America Merrill Lynch (BAML) has issued initial pricing guidance on its first European commercial real estate securitisation of the year – the private equity sponsored €286.425m Taurus 2015–1 IT. The transaction is the securitisation of three commercial real … Continue reading →

BAML launches €286.4m multi-borrower Italian CMBS backed by three private equity firms

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Bank of America Merrill Lynch (BAML) has launched a five-year €286.4m multi-borrower securitisation of three Italian loans extended to Blackstone, Cerberus and Orion Capital Managers in an all private equity sponsor securitisation dubbed TAURUS 2015-1 IT. The three loans are … Continue reading →

KWERE closes £225m three-bank RCF and considers further refinancing options

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Kennedy Wilson Europe Real Estate (KWERE) has signed its maiden revolving credit facility (RCF) with Bank of America Merrill Lynch (BAML), Deutsche Bank and JP Morgan for £225m over three years and is considering two additional portfolio refinancings. BAML acted … Continue reading →

BREDS carves up IERET whole loan and sells down €100m senior tranche to BAML

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Blackstone Real Estate Debt Strategies (BREDS) has carved up the €222m whole loan which refinanced Invista European Real Estate Trust (IERET) just over three months ago and sold a €100m senior loan to Bank of America Merrill Lynch (BAML). BREDS … Continue reading →