Another CMBS transaction is in the works called COMM 2012-CCRE5, according to a Securities and Exchange Commission (SEC) filing today.
Joint bookrunning managers and co-lead managers on the deal are Deutsche Bank Securities and Cantor Fitzgerald & Co. The co-managers are KeyBanc Capital Markets and CastleOak Securities.
The loan backing the deal is the Eastview Mall and Commons loan, which is a fixed-rate loan secured by the borrower’s fee simple and leasehold interests in an 811,671 square feet. portion of a super regional mall and power center located at 7979 Pittsford-Victor Road and 7550 Commons Boulevard in Victor, New York, according to the SEC filing.The Eastview Mall and Commons Loan is made up ofthe A-2 Note portion of a $210.0 million whole loan evidenced by two pari passu notes. Only the A-2 note that has an original principal balance of $90 million will be included in the COMM 2012-CCRE5 trust.
The A-1 note, with an original principal balance of $120 million, was included in the COMM 2012-CCRE4 transaction. The Eastview Mall and Commons Loan has a 10-year term with interest only payments, the filing said.