New CMBS Conduit Set to Close, Could Signal Some Revival in Troubled Sector
June 25, 2010
The first new commercial MBS conduit transaction backed by a diverse pool of loans since 2008 is expected to close next week, industry sources said, and the deal may point to a revival of a key type of securitized commercial real estate transaction and an expansion of needed liquidity in the market. JPMorgan Securities is selling the $716.3 million conduit, which is backed by...