American Finance Trust, a commercial mortgage real estate investment trust, plans to securitize a $649.5 million loan that is secured by 268 single-tenant properties, according to Standard & Poor's.

The transaction, called BBCMBS Trust 2015-STP, will be rated as a standalone CMBS since its backed by a single loan; however it benefits from the variety of tenants in properties that range from retail, office and industrial properties.

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