Houston's Galleria Mall showed among the property securing a second commercial mortgage securitization in as many weeks.
The latest deal to include the Simon Property Group-owned mall is JP Morgan and Barclays’ JPMBB 2015-C28. In that deal the property secures the biggest loan in the pool. The $150 million loan makes up 13.1% of the pool and has a relatively low loan to value ratio of 63%, which lowers the overall in trust LTV to 100.7%, according to Kroll Bond Ratings. Morningstar has also assigned preliminary ratings to the transaction.