A $350 million commercial mortgage backed security (CMBS) secured by a building with the U.S. Postal Service as the main tenant is coming down the pipeline, according to a release by Standard & Poor’s.

The underlying loan is set to mature in 2021. The borrower of the loan is an indirectly majority-owned unit of Vornado Realty.

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.