Citigroup is readying a $1.23 billion of commercial mortgage bonds,according to a presale report published by Fitch Ratings.

The deal, Citigroup Commercial Mortgage Trust Series 2014-GC23, is backed by 83 loans secured by 99 properties throughout the U.S.  The pool contains a traditional mix of property types, including retail (32.8%), hotels (17.1%) mixed-use (12.6%), and office properties (11.6%).  These properties are geographically diverse, with locations in New York, California, and Texas. 

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