The seeming revival of commercial mortgage-backed securities (CMBS) continues, with Bloomberg reporting that Deutsche Bank AG is marketing a $856.6 million package of bonds. Yesterday, JPMorgan Chase & Co. executed the largest CMBS sale this year – $1.1 billion worth of CMBS.
The Deutsche Bank CMBS is backed by 42 loans on 63 properties, Bloomberg reports, citing a person familiar with the transaction.
The Deutsche Bank deal would be the eighth CMBS transaction this year.
SOURCE: Bloomberg