CMBS retention 'first' in the works
Tuesday 14 March 2017 15:53 London/ 10.53 New York/ 23.53 Tokyo
The second US CMBS conduit transaction to use an eligible horizontal residual interest, and the first to have that horizontal interest held solely by a third-party purchaser, is currently marketing. JPMDB 2017-C5 is a US$1bn transaction rated by Fitch, Kroll Bond Rating Agency, Moody's and S&P (see SCI's pipeline).
The third-party purchaser is Massachusetts Mutual Life Insurance Company, ... showing 60 out of 400 words of this article
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