Banks Line Up Buyers For B-Pieces

06 Jan 2011

BlackRock and a small cadre of yield-chasing investors have inked agreements to buy the b-pieces on about $8 billion of commercial mortgage-backed securities deals slated for the first quarter.

--Joy Wiltermuth and Graham Bippart

BlackRock and a small cadre of yield-chasing investors have inked agreements to buy the b-pieces on about $8 billion of commercial mortgage-backed securities deals slated for the first quarter. BlackRock is anchoring JPMorgan Chase’s roughly $1.5 billion conduit deal and is also scooping up ...

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