Last week Credit Suisse First Boston funded and closed the year's second franchise deal, placing roughly $152 million in class A notes with investors for Capital Auto REIT in a deal called CARS-DB4.

The top two tranches of the four-part deal, worth an additional $173 million, were retained by the issuer, according to market sources. The total volume of the securitization was approximately $325 million, backed by a pool appraised at about $460 million, according to a rating agency presale report. CARS was wrapped to a triple-A by MBIA.

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