CMBS primary pipeline looks set to continue a busy pace until the end of the year with three deals marketing this week.
UBS, Barclays Capital and Natixis began marketing a $1.456 billion commercial mortgage backed securitization deal call series 2012-C4, according to Standard & Poor’s and Fitch Ratings. The ratings agencies have assigned preliminary ratings to the deal. The class A-1, A-2, A-3, A-4, A-5, A-B, A-S and X-A will be rated ‘AAA’. The class X-B and C will be rated ‘A’; the class B notes will be rated ‘AA’; the class D notes will be rate ‘BBB-“; the class E notes will be rate ‘BB+’ and the class F notes wil be rated ‘BB-’.