The recent merger of Franchise Mortgage Acceptance Co. and Bay View Capital Corp. may set into motion a series of regular franchise-backed securitizations, the first of which could be expected to price late in the fourth quarter, said sources at both companies.

"If we decided to go forward with the $500 million securitization," said David Heaberlin, executive vice president and CFO of Bay View, "it could be the largest franchise securitization to date."

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