CMBS issuers pitch nearly $3bn in CMBS

CMBS office
By Max Adams
17 Sep 2019

Banks are getting ready to sell investors on $2.7bn of commercial mortgage bonds, offering up a buffet of conduit, single borrower and commercial real estate CLO paper.

Deutsche Bank is readying the $951.71m Benchmark 2019-B13, a multiborrower conduit transaction backed by a pool of 40 loans against 48 properties. Loans on retail properties represent the largest percentage of the total pool at 30%, with office and mixed use rounding out the top three property types ...

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