Deutsche Plans $685M CMBS Issue

Deutsche Bank is planning to sell $685 million worth of commercial mortgage-backed securities.

Deutsche Bank is planning to sell $685 million worth of commercial mortgage-backed securities, The Wall Street Journal reports. The five-year fixed rate loan will cover Whitehall Real Estate Funds’ Tharaldson portfolio of 168 hotels.

The portfolio, which consists of 168 hotels, includes Marriott, Hilton and Starwood hotels. The refinancing was possible after a $475 million loan from the Abu Dhabi Investment Authority.

Click here for the story from The Wall Street Journal.