Retail Property Loan Backs New CMBS Issue

JPMorgan Chase is marketing a $484.6 million commercial mortgage-backed security (CMBS) that is backed by a loan to Centro Properties Group, several media outlets are reporting.

The loan covers 72 retail properties in the U.S., according to reports. Property tenants include Kmart, Burlington Coat Factory and Big Lots, among others, Reuters reports, citing a report from Realpoint.

A Bloomberg report indicates that the properties are spread out over 20 states, with 39% of the pool located in Texas.

SOURCES: Reuters, Bloomberg

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