Tuesday, April 26, 2011

First 2.0 CMBS Delinquency

First! JPMCC 2010-C2 has experienced the first 2.0 delinquency in CMBS. The owner is effectively 60 days delinquent now and it is because the tenant failed to make their payments due to a "technical issue". Guess who the tenant is? The US Government!

Saturday, April 16, 2011

CFCRE 2011-C1 ($634.5mm)

Cantor went ahead with their deal without Wells as a partner. The deal has 38 loans originated by Cantor, 17.625% subordination on the AAAs, only 27.2% retail (compared to >50% on the other deals done this year), 23.8% multifamily, and 27.1% of the leases are GSA.

I don't have structure, but I'll update this post when I get it, or someone may drop it in the comments.