Asset Securitization Report’s unique feed of deal analysis and data supports a community of professionals who structure or invest in asset-backed transactions.
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The stronger performance coincides with normalizing fleet levels after the company (along with rivals Enterprise and Hertz) last year sold off vehicles as the coronavirus pandemic forced the rental-car industry to downsize operations. #securitization
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The $95M loan is a partial stake in the $500M by the joint venture owners of the Miami Design District (including @Brkfldproprtl) @FitchRatings
@MoodysInvSvc
@GlenFest_ASR
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The 18.3% self-employment percentage of borrowers is below than the combined 2020 and year-to-date 2021 average prime RMBS level of 19.3%.
@FitchRatings
@krollbondrating
#securitization #RMBS
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About $100 million of the bond proceeds will be used to finance environmental control activities at a former coal-powered plant in Pleasant Prairie, Wisc., that WEPCO closed in 2018, per @FitchRatings.
@MoodysInvSvc
@SPGlobalRatings
@GlenFest_ASR
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The offered notes in the whole-business #securitization carry initial BBB- ratings from @krollbondrating.
@GlenFest_ASR
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Industrial (21.7%), office (17.8%), multifamily (17.7%) and self-storage (15.4%) are the leading property types in Morgan Stanley's latest conduit #CMBS. #securitization #MBS
@GlenFest_ASR bit.ly/3nrUE0E
A $500M consumer-loan #securitization by @oportun will include expanded sources of collateral: secured auto-title loans and new loans to be issued through its upcoming partnership with MetaBank. #marketplace
@GlenFest_ASR
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The reach of COVID-19 vaccination efforts should improve economic conditions for #leveragedloan issuers and lessen default risk, according to @FitchRatings and @SPGlobalRatings
@GlenFest_ASR
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The underlying default rate of #leveragedloans held in CLOs is at its lowest level since 2Q2019.
@FitchRatings
@GlenFest_ASR
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The Oaktown Re deal, when it closes, will be the sixth #mortgage-linked insurance transaction in the MBS market this year, and will be the fourth to price since March 24. #securitization @MoodysInvSvc
@GlenFest_ASR
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"The deal includes a 'notably' higher concentration of borrowers with FICOs above 750, which constitute 53.2% of the pool of mostly new-vehicle loans for Hyundai- and Kia-branded vehicles." #securitization @FitchRatings @GlenFest_ASR
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Facebook plans to move into its new Oculus VR headquarters this summer; it begins payments on its long-term, triple-net lease in May.
#securitization #CMBS @krollbondrating
@DBRSMorningstar @FitchRatings @SPGlobalRatings
@GlenFest_ASR bit.ly/3a6z0tq
Also launching deals last week were @SantanderUSA and @DriveTime Automotive Group. #Securitization
@GlenFest_ASR
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Affiliates of Bayview Asset Management are sponsoring a first-time #securitization expanded-prime jumbo #mortgages.
@GlenFest_ASR
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Toyota is back into auto-lease #securitization "after a long hiatus," says @MoodysInvSvc.
@Glen Fest
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Proceeds from the $523.9 million Higher Education Loan Authority of the State of Missouri Series (MOHELA) 2021-2 transaction will refinance outstanding trust issues from 2010, 2012 and 2013. #securitization @SPGlobalRatings
@DBRSMorningstar
@GlenFest_ASR
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According to ratings agency presale reports, the family-run Durst is receiving a $283.5 million return of equity in the #securitization. #CMBS @FitchRatings
@krollbondrating
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The acquisition adds to Horizon’s existing portfolio, making it one of the largest owners of manufactured home properties in the nation, according to @MoodysInvSvc and @DBRSMorningstar Morningstar. #CMBS #securitization
@GlenFest_ASR
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From a roundup of (partial) weekly #securitization news: @SPGlobalRatings sees an improving corporate default situation by year's end due to ongoing federal relief efforts for consumers.
@GlenFest_ASR
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