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.

Look at other dictionaries:

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  • CMBs — center for maximally inscribed balls …   Medical dictionary

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  • CMBS Prepayment Terms — Summary Defeasance and yield maintenance are used to define the prepayment terms of a CMBS loan (Commercial Mortgage Backed Securities) before its maturity. Defeasance Defeasance is the substitution of collateral. Defeasance is used to calculate… …   Wikipedia

  • 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 — (CMBS) ценные бумаги, обеспеченные коммерческой недвижимостью (частный случай MBS) …   Ипотека. Словарь терминов

  • Highstreet Holding — GbR Rechtsform Gesellschaft bürgerlichen Rechts Gründung 27. März 2006 Sitz Amsterdam Branche Immobilien …   Deutsch Wikipedia

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