Commercial Mortgage Backed Securities
New York Life Investments manages CMBS portfolios valued at approximately $10 billion, the vast majority of which are investment grade. The investment objective is to maximize yield and find the best relative values consistent with a client's risk, liquidity, and duration preferences.
We are investors in conduits, floating rate pools, single asset and single borrower transactions, plus lower-risk CRE CDO and re-REMIC transactions. We will consider working with a borrower or banker to structure private placement CMBS and CRE CDOs.
We also work with bankers to arrange for the pre-purchase of securities, particularly for large loan transactions, new security types and during periods when market conditions are very variable.
For additional information, please contact:
Brian Furlong, Managing Director
Adam Hayden, Senior Director
Stewart Rubin, Director
Please keep in mind that investment objectives may not be met as the underlying investment options are subject to market risk and will fluctuate in value.