After a quiet February on the primary front, the March CMBS new-issue calendar has plenty to offer. There are as many as $6-8 billion in conduit transactions planned, spread over as many deals, with two currently making the rounds.
The latest issue, CSFB's $1 billion CKP-1, is backed by loans from PNC Bank, KeyBank, and Column Financial. Along with CSFB, the deal is being brought by McDonald Investments, PNC Capital Markets, and Goldman Sachs. The issue is comprised of 30% multifamily loans, and 50% retail and office space.