The commercial mortgage bond market breathed a sigh of relief Friday after JCPenney released a list of 138 stores it plans to shutter in an effort to reduce costs and drive sales growth.

Turns out these locations back just 11 commercial mortgages that help collateralize $894.4 million of mortgage bonds, according to Trepp.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.