Wells Fargo, JP Morgan and Bank of America have begun marketing a $600 million single-asset commercial mortgage-backed securitization backed by the Queens Center in New York City.

Fitch Ratings has assigned the deal, Queens Center Mortgage Trust 2013-QC, preliminary ratings. According to the ratings agency's presale report  the deal is structured with $400 million of class A notes, rated ‘AAA’; $77 million of class B notes, rated ‘AA-‘; $52 milllion of class C notes rated ‘A-’; and $60 milllion of class D notes rated ‘BBB-’.

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