Deutsche Bank and Cantor Fitzgerald have launched another commercial mortgage securitization that relies on a few large, relatively high quality loans to offset the weaker credit quality of the rest of the pool.

The $1.13 billion COMM 2015-CCRE25 is backed by 84 fixed-rate commercial mortgages with a weighted average in-trust loan-to-value, as measured by Kroll Bond Rating Agency (KLTV), of 104.7%. That is above the average of 103.1% for the 24 CMBS conduits rated by Kroll over the last six months, which ranged from 97.5% to 107.5%.

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