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