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JLL Offers $191M Petra CDO Loans

Jones Lang LaSalle is marketing five loans with a balance of $190.1 million on behalf of a collateralized debt obligation.

Jones Lang LaSalle is marketing five loans with a balance of $190.1 million on behalf of a collateralized debt obligation (CDO), Commercial Real Estate Direct reports. The loan is said to be issued on behalf of an $870 million CDO, launched in 2007 by Petra Capital Management.

The portfolio includes three loans that are still performing, one that has matured and the fifth is nonperforming. The biggest loan has a balance of $57.2 million and is backed by eight self-storage facilities in Houston. The remaining loans comprise a $50 million participation backed by four shopping malls and a shopping center.

Click here for the story from Commercial Real Estate Direct.

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