The General Motors Building, which already serves as collateral for a $1.35 billion commercial mortgage securitization, is showing up in another CMBS. It’s also the largest loan in conduit being marketed by Wells Fargo, accounting for 10% of the collateral.

In fact, the sponsor relies on the GM Building and a portion of another large loan, the Del Amo Fashion Center, a super regional mall Torrance, Calif., to offset the overall leverage in the deal. Both loans have investment grade characteristics, and together the loans account for roughly 15% of the collateral pool.

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.