JPMorgan Chase To Sell $716.3M Of CMBS

an Chase is preparing to unveil a $716.3 commercial mortgage-backed securities (CMBS) offering – the second CMBS deal this year, following a Royal Bank of Scotland Group PLC transaction in April. According to a presale report from Fitch Ratings, JPMCC 2010-C1 covers 36 loans secured by 96 commercial properties. The loans were originated by JPMorgan Chase Bank NA and Ladder Capital Finance LLC. The transaction is concentrated by loan and sponsor, Fitch says. The largest 10 loans account for 55.1% of the pool, and the largest 15 account for 68.5%. Additionally, 13 loans to Inland Realty Trust and affiliates account for 37% of the pool. The master servicer and special servicer will be Midland Loan Services Inc. SOURCE: [link=http://www.fitchratings.com]Fitch Ratings

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