Citigroup’s upcoming $842.0 million commercial mortgage securities conduit has exposure to all the major property types, with three that represent more than 10.0% of the pool balance: office (35.6%), retail (26.3%) and student housing (16.2%).

Kroll Bond Ratings has assigned preliminary ratings to 17 classes of notes issued by the trust, CGCMT 2014-GC25. The notes are backed by 58 fixed-rate commercial mortgage loans that have balances ranging from $1.6 million to $110.0 million for the largest loan in the pool, Bank of America Plaza (13.1%), a 1.4 million square foot Class-A office building in downtown Los Angeles, California.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.