commercial mortgage-backed securities

commercial mortgage-backed securities
commercial mortgage-backed securities (CMBS)
International
mortgage-backed securities which are backed, that is funded by and secured over, a portfolio of mortgage loans secured on commercial properties. The principal revenue stream to the special purpose vehicle which will be used to repay the notes or bonds, arises from lease and licence payments by tenants of the commercial properties.
USA
Debt security on which payments of principal and interest are made to the holders from revenue generated by an underlying pool of commercial mortgage loans. The underlying commercial mortgages are pledged to the holders of the securities as collateral for the payment by the issuer of principal and interest on the securities. Commerical mortgage-backed securities are most commonly issued by a special purpose entity as part of a securitization or structured finance transaction.
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Commercial Mortgage-Backed Securities (CMBS) — A type of mortgage backed security that is secured by the loan on a commercial property. A CMBS can provide liquidity to real estate investors and to commercial lenders. As with other types of MBS, the increased use of CMBS can be attributable to …   Investment dictionary

  • commercial mortgage backed securities — Similar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi family, retail, office, etc., They are not standardized so there are a lot of details associated with structure,… …   Financial and business terms

  • Commercial mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

  • commercial mortgage-backed security — commercial mortgage backed securities (CMBS) International mortgage backed securities which are backed, that is funded by and secured over, a portfolio of mortgage loans secured on commercial properties. The principal revenue stream to the… …   Law dictionary

  • mortgage-backed securities — International mortgage backed securities, Also referred to as MBS. debt securities (debt security) (such as bonds or notes), which are issued by a special purpose vehicle in the course of a securitisation and backed, that is funded by and secured …   Law dictionary

  • mortgage backed securities — International mortgage backed securities, Also referred to as MBS. debt securities (debt security) (such as bonds or notes), which are issued by a special purpose vehicle in the course of a securitisation a …   Law dictionary

  • Mortgage-backed Securities — sind besicherte Anleihen, also durch Vermögenswerte gesicherte Wertpapiere, deren Bargeldflüsse durch die Zins und Tilgungszahlungen eines Pools von grundpfandrechtlich gesicherten Forderungen getragen werden. Im Gegensatz zu Pfandbriefen… …   Deutsch Wikipedia

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