Deutsche, Cantor price conduit as top loan draws investor ire

By Max Adams
28 Sep 2015

Investors pushed back this week against the largest loan in COMM 2015-CCRE26, forcing lead issuers Deutsche Bank and Cantor Commercial Real Estate to widen spreads twice from guidance before being able to price the deal on Wednesday.

The loan in question is a $415m senior mortgage backed by Prudential Plaza in Chicago, $115m of which is pooled in COMM CCRE26. A $410m loan on the property had been securitized previously and split between two pre-crisis deals, JPMCC 2006-LDP7 and JPMCC 2006-CB16. That loan was transferred ...

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