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Deutsche, UBS Look To Sell $1.4B Of CMBS

Deutsche Bank and UBS are seeking to offload a $1.4 billion pool of commercial mortgage-backed securities.

Deutsche Bank and UBS are seeking to offload a $1.4 billion pool of commercial mortgage-backed securities (CMBS), The Wall Street Journal reports. The pool comprises 43 commercial mortgages secured by 64 properties, including the Fairfield Inn & Suites by Marriott, adds GlobeSt.

Loan sellers for the deal include German American Capital and UBS Real Estate Securities. Deutsche Bank Securities, UBS Securities and Ladder Capital Securities are some of the underwriters for the issue.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from GlobeSt.

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