Bank group sells Hudson Yards single asset CMBS

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By Max Adams
03 Dec 2019

Three banks sold an $810.5m single asset CMBS deal backed by a loan on the office tower at 55 Hudson Yards this week.

Wells Fargo, Deutsche Bank and Morgan Stanley priced Hudson Yards 2019-55Y on Monday. The group sold the $357.39m senior class ‘A’ tranche at 93bp over interpolated swaps, and priced the junior-most class ‘F’ notes at swaps plus 260bp (for full pricing, see GlobalCapital’s US priced deals database). ...

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