CMBS

The 2013-C15 transaction will offer investors 14 classes of notes. It's backed by 83 commercial mortgage loans secured by 136 properties.

J.P. Morgan and Barclays will also act as the joint-bookrunners and co-lead managers on the transaction, which is expected to price August 6 and close August 19.

The $743.933 million deal is backed by 38 mortgages contributed from three sellers: Bank of America, NA, Morgan Stanley Morgage Capital Holdings, and CIBC.

Toys “R” Us issued a £263. 2 million commercial mortgage-backed securitization, according to a Standard & Poor’s presale report.

Both the rate of cumulative defaults and the size of newly default loans in the CMBS market continue to decline.

The notes are backed by one commercial mortgage loan totaling $200 million secured by the fee and leasehold interest in 123 Red Roof Inn hotels across 29 states.

STORE Capital Corp. issued its $218.5 million commercial net lease mortgage-backed securitization, pricing the shorter dated, single-A notes at tighter levels than its March transaction.

A drop in the haircuts applied to securitizations used for collateral funding from the European Central Bank (ECB) is a positive for the sector, according to analysts at Bank of America Merrill Lynch.

All tranches of the transaction, GSMS 2013-GC13, priced five basis points guidance, with the exception of the final tranche, which priced in line with guidance.