Home Credit Ratings and Research S&P Global Ratings’ Credit Research Loancore Capital Markets LLC

Loancore Capital Markets LLC

Published Dec 13, 2019

8 pages (3458 words) — Published Dec 13, 2019

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Ongoing business support from joint venture owners Experienced management team Dependence on repurchase agreement funding Exposed to volatility in the commercial mortgage-backed securities market Limited scale and concentration in commercial real estate The stable outlook on LoanCore Capital Markets LLC (LCM) reflects S&P Global Ratings' expectation that the company may face headwinds originating commercial real estate (CRE) mortgages and from commercial mortgage-backed securities (CMBS) market volatility but will remain profitable. We expect leverage to fluctuate around the timing of originations and securitizations but to remain below 4.5x. We expect the company will address the June 2020 maturity of its $300 million senior unsecured notes before second-quarter 2020. We could lower the ratings over the next six to 12 months if:

Brief Excerpt:

...+ Ongoing business support from joint venture owners + Experienced management team Issuer Credit Rating...

Report Type:

Full Report

Issuer

Loancore Capital Markets LLC

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

Research Update: Loancore Capital Markets LLC Outlook Revised To Negative On Economic Impact From COVID-19; 'B+' Rating Affirmed – 2020/03/26 – US$ 225.00

Research Update: Loancore Capital Markets LLC Downgraded To 'B' On Asset Write-Downs; Ratings Placed On CreditWatch Negative – 2020/05/07 – US$ 225.00

Research Update: LoanCore Capital Markets LLC 'B' Rating Affirmed, Removed From CreditWatch; Outlook Negative – 2020/09/24 – US$ 225.00

Loancore Capital Markets LLC – 2020/12/09 – US$ 500.00

LoanCore Capital Markets LLC Rating Withdrawn At The Company's Request – 2021/07/06 – US$ 150.00

Loancore Capital Markets LLC – 2018/12/14 – US$ 500.00

Summary: Loancore Capital Markets LLC – 2018/12/14 – US$ 225.00

LoanCore Capital Markets LLC – 2017/12/11 – US$ 500.00

Summary: LoanCore Capital Markets LLC – 2017/12/11 – US$ 225.00

Research Update: Jefferies LoanCore LLC 'B+' Rating Affirmed After Jefferies Group Sold Its Ownership Interest; Outlook Remains Stable – 2017/11/01 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Loancore Capital Markets LLC" Dec 13, 2019. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Loancore-Capital-Markets-LLC-2358417>

APA:	S&P Global Ratings’ Credit Research. (). Loancore Capital Markets LLC Dec 13, 2019. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Loancore-Capital-Markets-LLC-2358417>

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