RBC Capital Markets Launches CMBS Platform

Mortgage Banking, October 2006 | Go to article overview

RBC Capital Markets Launches CMBS Platform


RBC Capital Markets, New York, announced the launch of its Real Estate Mortgage Capital business in the United States with a special focus on commercial mortgage-backed securities (CMBS).

RBC's Real Estate Mortgage Capital Division initially will focus on providing both fixed- and floating-rate CMBS loans, with near-term plans for expansion into other commercial lending products such as collateralized debt obligation (CDO) loans as the business develops.

The new program extends the success of RBC Capital Markets' existing CMBS platform in Canada, which closed $655 million of securitization volume in 2005, accounting for 20 percent of the Canadian CMBS market, according to Mike Coster, head of RBC Capital Markets' Real Estate Investment Banking Group.

"Our goal is to provide our clients with strategic expertise backed by capital and full distribution for debt and equity for all types of real estate. At RBC, we measure success by repeat client business, not by volume of transactions," said Coster. "By adding CMBS capabilities, bringing on additional senior bankers and restructuring our equity research platform, we can now provide a full product suite to our public and private real estate operator clients throughout North America."

To head the group, RBC has tapped Dan Smith, most recently head of Stamford, Connecticut-based GE Real Estate's North American fixed- and floating-rate real estate financing programs.

"The CMBS market is a highly competitive one that continues to grow. The Real Estate Mortgage Capital Division at RBC Capital Markets intends to separate itself from others by not only being a trusted source of capital, but by providing best-in-class service, competitive pricing and a very streamlined underwriting and closing process," said Smith.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

RBC Capital Markets Launches CMBS Platform
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.