Cantor Fitzgerald & Co. has issued $634.5 million in commercial mortgage pass-through securities that are backed by loans originated by Cantor Commercial Real Estate (CCRE). The transaction marks the first time in nearly a decade that a new entrant into the U.S. CMBS market has originated, securitized and lead-managed its own deal, the company says.
Barclays Capital acted as co-lead, with CastleOak Securities LP serving as co-manager on the transaction. The offering, CFCRE Commercial Mortgage Trust 2011-C1, was rated by Moody's Investors Service Inc., Fitch Inc. and Realpoint LLC.
The 2011-C1 mortgage pool is collateralized by 38 fixed-rate mortgage loans secured by 67 properties located in 22 states, with the largest property concentrations in Texas and New York. The portfolio consists primarily of office (44%) and multifamily (22%) properties, with smaller concentrations of self storage, manufactured housing and mixed use.
