Another $1.3 million of bonds backed by a single large commercial mortgages began marketing Wednesday via two deals, boosting the March issuance calendar for such deals to $4.6 billion.

JPMCC 2015-COSMO will refinance a $875.0 million, five-year floating rate loan, originated by JPMorgan Chase Bank, according to a Kroll Bond Rating presale report.  It was used by the Blackstone Group to finance part of its 2014, $1.73 billion acquisition of The Cosmopolitan of Las Vegas, a 2,959-key resort hotel and casino located on the Las Vegas Strip. The loan is pays only on interest for its entire term and has a loan-to-value ratio, as calculated by Kroll, of 80.9%

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