The commercial mortgage bond market got off to a busy start Monday, with the launch of two single-asset deals – one backed by a Manhattan office building and the other by a portfolio of hotels  –  and a conduit.

Olympic Tower 2017-OT is secured by a portion of a $760 million whole loan co-originated by Deutsche Bank (50%), Goldman Sachs (30%), and Morgan Stanley (20%) on May 1. It pays only interest, and no principal, for its entire 10-year term. The loan is secured by the borrower’s leasehold interest in a Class-A, mixed-use retail and office complex, comprised of a 52-story mixed-use retail, office and residential tower and three adjoining five and seven-story buildings located off Fifth Avenue between 51st and 52nd Streets in Midtown Manhattan’s Plaza District.

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