A $1.4 billion commercial mortgage-backed security issuance is in the works. Citi and Goldman Sachs are arranging a bond deal that would be backed by 57 mortgages on 111 properties, Bloomberg reports.
The deal's terms have not been made public, Bloomberg says, but a person familiar with the offering informed Bloomberg that the highest concentration of commercial real estate tied to the deal are located in Texas.
SOURCE: Bloomberg
