The large loan CMBS mill continues to churn out deals. The latest deal to join the pipeline is JP Morgan’s $430 million transaction backed by Destiny USA, the sixth largest enclosed mall in the U.S. and the largest shopping center in New York State.

The deal, JPMCC 2014-DSTY, is backed by two non-recourse, fixed-rate, interest-only mortgage loans originated by JPMorgan Chase Bank, National Association.  The loans, which are not cross collateralized or cross defaulted, are each secured by a distinct phase of Destiny USA, a super-regional mall located in Syracuse, New York.

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