JPMorgan is dipping into its toolbox for a type of financial engineering rarely seen these days: “re-REMIC,” or a securitization of real-estate mortgage investment conduits.

The $484.9 million JPMCC 2016-FLRR is a securitization of the senior notes issued in other recent commercial mortgage securitizations: JPMCC 2016-FL8 and JPMCC 2016-H2FL.

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