JP Morgan and Barclays are marketing $1.4 billion of securities backed by 69 commercial mortgage loans that are secured by 94 properties, according to Kroll Bond Rating
The deal, called JPMBB 2014-C26, joins three other conduits and two single-borrower deals on the December calendar.
JPMBB 2014-C26 is structured with 18 classes of notes backed by properties located in 27 different states; Florida properties and New York properties represent 21.5% of the pool.
The pool has exposure to all the major property types but office, multifamily housing, lodging and retail sectors each account for over 10% of the pool.
The five largest loans in the pool include 500 Fifth Avenue (6.9%),1515 Market (4.4%), Wells Fargo Center Tampa (4.1%), Heron Lakes (3.6%), and Shaner Hotels Limited Service Portfolio (3.4%). Most of the loans pay a period of only interest — 46 pay only interest for a partial term and six are full-term interest only.