BAML to test investor appetite for multi-jurisdictional CMBS

By David Bell
14 Sep 2015

Bank of America Merrill Lynch has circulated initial price thoughts on its €177 million Taurus 2015-3 DAC CMBS deal, the securitization of two loans to Starwood Capital’s MStar Europe commercial real estate joint venture with M7 Real Estate.

The deal will continue the high level of CMBS issuance in 2015 but analysts say the outlook for the CMBS market in the remainder of the year could be choppy, and investors have previously been wary of deals with multi-jurisdictional portfolios.

Bank of America Merrill Lynch, ...

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