Another sizeable single-asset, single-borrower deal, the $1.3-billion COMM 201-3BP, joined the CMBS pipeline this week, according to a pre-sale from Fitch Ratings. 

The deal's underlying loan, underwritten by Deutsche Bank’s German American Capital Corp., financed the $2.2 billion purchase of the 1.2-million-square-foot Three Bryant Park office property in Midtown Manhattan. The building was bought in January by private equity company SITQ US Investments, which is controlled by Ivanhoe Cambridge, a real estate subsidiary of the Caisse de depot et placement du Quebec.

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