Most Popular Stories
Events
- Private Equity Analyst Outlook 2009
Jan 27-28 — Grand Hyatt, NYC - ABA Insurance Risk Management Conference
Jan 25-28 - ABA Risk Management Forum - a new event!
April 22-24 - Investment Consultants Forum
December 15 — The Princeton Club, NY
Sponsored Links
Latest News
Commercial mortgage backed securities gain
The most recent niche in the asset-backed universe to spurt: The commercial mortgage-backed securities market. These securities have become increasingly popular for Wall Street bankers looking to offer clients the cheapest possible financing. Leveraged buyouts have traditionally been financed with high yield bonds and loans. But CMBSs have entered the picture. Higher proceeds, lower debt costs and fewer covenants than more traditional junk bond financings are commonly touted as the reasons for all this. Bankers continue to tinker. Steve Roth, CEO of Vornado Realty, and Eddie Lampert, head of ESL Investments are seen as the pioneers. They looked at the likes of Alexander's, Kmart and Sears and saw the real estate potential. One interesting test case is casinos.
For more:
- here's an article from Investment Dealers' Digest (For FierceFinance readers)
Related Stories
- Lewis Ranieri's latest venture
- Lewis Ranieri back in the spotlight
- Cantor Fitzgerald mulls death benefits exchange
- Merrill shakes up private equity executives
- Morgan Stanley deal too late?
- Citigroup to offer mortgage aid
- Ranieri's firm shut down
- Goldman wants to buy up to $50 billion in bank assets
- Third-quarter earnings to be weak?
- And the top-ranked private equity firm is ...
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site MapTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceSarbox | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceBiotech | FierceBioResearcher | FiercePharma | FierceVaccines | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe© 2008 FierceMarkets, Inc. All rights reserved. |
![]() |


