Devonshire Square CMBS Sale To Herald Paydown

10 May 2012

The £288.7 million ($466.5 million) senior slice of the Devonshire Square loan—securitized in Morgan Stanley’s Triton (European Loan Conduit No. 26) commercial mortgage-backed deal—will be fully repaid after the underlying estate was sold earlier this month.

The £288.7 million ($466.5 million) senior slice of the Devonshire Square loan—securitized in Morgan Stanley’s Triton (European Loan Conduit No. 26) commercial mortgage-backed deal—will be fully repaid after the underlying estate was sold earlier this month.

The securitized piece is part of a larger £340 million ($549.3 million) ...

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