Big banks are buying.....# Stock
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Goldman Sachs, Citigroup, Wells Fargo, Royal Bank of Scotland, and Deutsche
Bank are all issuing new commercial mortgage-backed securities (CMBS) today.
The total issuance will be $3.7 billion. Goldman and Citi are offering $1.5
billion of commercial mortgage bonds linked to 131 properties in states
including Texas, Arizona, and California, according to Bloomberg. Wells
Fargo and RBS are offering $1.48 billion on 132 properties in states
including California, Wisconsin, and New York. Deutsche Bank is offering
about $685 million in debt on 168 U.S. hotels… about 60% of which are
Marriotts.
Bank are all issuing new commercial mortgage-backed securities (CMBS) today.
The total issuance will be $3.7 billion. Goldman and Citi are offering $1.5
billion of commercial mortgage bonds linked to 131 properties in states
including Texas, Arizona, and California, according to Bloomberg. Wells
Fargo and RBS are offering $1.48 billion on 132 properties in states
including California, Wisconsin, and New York. Deutsche Bank is offering
about $685 million in debt on 168 U.S. hotels… about 60% of which are
Marriotts.