Morgan Stanley And B Of A To Issue CMBS

A second commercial mortgage-backed securities (CMBS) deal has hit the market this week, The Wall Street Journal reports. The $1.55 billion issuance is being put forth by Morgan Stanley and Bank of America.

Earlier this week, the WSJ reported that Deutsche Bank and and UBS teamed up on a $2.2 billion CMBS issuance backed mostly by retail and office properties.

The Morgan Stanley and Bank of America CMBS is backed by 37 loans on a combination of retail, office, hotel and industrial properties.

To read the complete report, click here.

SOURCE: Wall Street Journal

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