In another case of a U.S. issuer entering the Canadian commercial mortgage-backed securities market, Donaldson, Lufkin & Jenrette (DLJ) is paving the way for a 2001 1Q Canadian CMBS deal with the opening of a Toronto branch of Column Financial, DLJ's wholly-owned commercial mortgage origination arm, said sources in the company.

The Canadian office, which is dubbed Column Canada Financial and is set to be fully operational by September, will focus on the origination of multifamily and commercial mortgage loans. It will also be an all-Canadian operation.

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.