Yet another offering of commercial mortgage securitization is getting some ratings juice from an investment grade property on Madison Avenue in New York City, but this time it’s a different address.

The $1.1 billion CGCMT 2015-GC35 is backed by 63 commercial mortgage loans secured by 93 properties, including a loan on 590 Madison Avenue. This loan, the second largest in the pool, has credit characteristics commensurate with a ‘AAA’ rated obligation when analyzed on a standalone basis, according to Kroll Bond Rating Agency. The loan is secured by a 1.0 million square foot, class A office building located in the Midtown neighborhood of New York City’s borough of Manhattan and has a loan-to-value (LTV) ratio of 44.9%.

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