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High-end hotels find strong bookings in CMBS

Asset Securitization Report - 2/22/2018
Demand for hotel rooms is running high, and mortgage bond investors are lining up to finance acquisitions and upgrades of even the largest resorts. At one time, big loans like the $470 million mortgage on the Orlando Hilton, the $189 million mortgage on the Turtle Bay Resort in Oahu, or the $189 million mortgage on the Renaissance Aruba Resort & Casino were routinely wacked up into multiple conduit offerings. But it has become increasingly attractive to securitize these mortgages on their own in what are known as single-asset, single-borrower deals. 
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Propel extracts additional funding in 2nd tax lien securitization

Asset Securitization Report - 2/22/2018
Propel Financial Services is preparing its second securitization of tax liens, according to a presale report published by Kroll Bond Rating Agency. Kroll has assigned a preliminary AAA rating to a $137 million senior tranche of notes to be issued by TLF National Tax Lien Trust 2017-1. There is also $7.4 million tranche of subordinate notes rated A. All of the notes have a stated maturity of May 2029.
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DriveTime Overhauls Mobile Site Following Traffic Surge

Auto Finance News - 2/22/2018
Used-vehicle retailer and financier DriveTime introduced a new mobile website this week after it identified that 80% of its online traffic is coming from mobile, up from 60% last year, Shawn Curran, managing director of retail, marketing, and product development, told Auto Finance News.
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Värde Jumps Into CLOs With $368M Closing

Commercial Observer - 2/22/2018
As the market heats up for an asset class that harks back to the yield-seeking days before the financial crisis, Värde Partners announced it has closed a $368 million commercial real estate collateralized loan obligation (CLO), marking its debut offering in the financing type.
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