Commercial Mortgage-Backed Security

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Commercial Mortgage-Backed Security

A mortgage-backed security in which the mortgages on commercial building, offices, factories, apartments, and other buildings other than single-family homes collateralize the security. Unlike most other mortgage-backed securities, the structure of a CMBS is not standardized and as a result, it is difficult to assess its risk. It is also called a collateralized mortgage-backed security.
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In the past three years, corporate investigator Jules Kroll's Kroll Bond Rating Agency has quickly risen to the top as a rater of commercial mortgage-backed securities.
UBS Securities (NYSE: UBS) and Barclays Plc (LSE: BARC) are planning to sell commercial mortgage-backed securities.
For borrowers with loans securitized in the commercial mortgage-backed securities (CMBS) market--many of which prohibit mezzanine financing--the two primary vehicles for extracting equity are selling or refinancing.
The risk transfers carried out through the commercial mortgage-backed securities market, however, have been very limited.
25 billion commercial mortgage-backed securities (CMBS) note.
Last autumn's severe disruption in the commercial mortgage-backed securities (CMBS) market is just a memory now.
The CDO is also permitted to invest in real estate-related corporate and bank debt and commercial mortgage-backed securities (CMBS).
The Bank of New York Asset Solutions Division (BNYAS), the commercial mortgage servicing division of BK, is a Fitch-rated commercial mortgage-backed securities (CMBS) servicer.
We now have a mortgage company which not only has the capacity to act as an originator of multi-family and commercial mortgage loans but also will issue its own Commercial Mortgage-Backed Securities (CMBS).
The transaction, the first European real estate collateralised debt obligation ('RE CDO'), is a securitisation of primarily commercial mortgage-backed securities and subordinate real estate debt managed by BlackRock Financial Management Inc.
The net effect of this new policy change will be to reduce the cost of a public offering by allowing issuers of commercial mortgage-backed securities to bypass state securities registration laws and instead issue the securities through a single, federal application process.
Maibohm, a Capital Markets attorney in Charlotte, handles all aspects of commercial mortgage-backed securities transactions, representing issuers, underwriters, servicers and subservicers, as well as co-lenders and participants in loans.

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