JP Morgan and Barclays plan to issue a$957.6 million CMBS conduit transaction collateralized by 51 fixed-rate commercial mortgage loans that are secured by 83 properties.

Kroll Bond Ratings, Moody’s Investors Service and Fitch Ratings have assigned preliminary ratings to the deal called JPMBB 2014-C18. The capital structure offers twelve tranches publicly offered notes that are rated from triple-A to single-A.  Six tranches will be offered privately; there tranches ratings range from triple-A to single-B.

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