One of Manhattan’s newest premier office development projects – 10 Hudson Yards – has parceled out part of its debut $708 million commercial loan into a commercial mortgage-backed facility of loans through Deutsche Bank and Citigroup.

CD 2016-CD1 is a pool of 32 fixed-rate loans secured by 58 commercial properties, most of recent vintage (the oldest loan was originated in July 2015 for The Prudential Plaza in Chicago). The aggregate outstanding balance of the mortgages is $703.2 million. It features four investment-grade structured credit assessed (SCA) loans with pari passu additional debt (including 10 Hudson) represent 27.7% of the pool.

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