Presale reports are out on a $425 million sequential-pay commercial mortgage-backed securities deal backed by beneficial interests in a mortgage securing four Florida hotels.

The Boca Hotel Portfolio Trust 2013 BOCA Commercial Mortgage Pass-Through Certificates, series 2013-BOCA, is backed by a loan securing the Waldorf Astoria Boca Raton, Double Tree Bahia Mar Fort Lauderdale, Hyatt Regency Pier Sixty-Six and Waldorf Astoria Edgewater Beach Hotel.

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