Deutsche Bank and Cantor Fitzgerald priced a $813.87 million commercial mortgage backed securitization, COMM-CCRE11, according to a filing with the Securities and Exchange Commission.
A triple-A rated class with a weighted average life (WAL) of 3.13 years pays a spread of 65 basis points over swaps;
A triple-A rated class with a WAL of 5.26 years pays swaps plus 80 basis points;
A triple-A rated class with a WAL of 7.62 years pays swaps plus 90 basis points;
A triple-A rated class with a WAL of 9.81 years pays swaps plus 113 basis points;
A triple-A rated class with a WAL of 9.88 years pay swaps plus 115 basis points;
A triple-A rated class with a WAL of 9.92 years pays swaps plus 160 basis points;
Another 9.92-years class is rated Aa3/AA-/AA; it priced at swaps plus 210 basis points.
The notes are backed by 46 loans on 83 properties with a weighted average mortgage rate of 5.2052%. By property types, the largest concentration is in retail (29.2%), followed by office (19.1%) and industrial buildings (10.7%).
