Just after the first new-issue CMBS launched late last month, talk of a new deal about to come to market has sparked hope that things may be improving in the CMBS space.

Inland Western Retail Real Estate Trust closed on Tuesday $625 million in new financing from JPMorgan Chase  to pay down its existing debt. The bank, according to market reports, is expected to convert the $500 million first-mortgage part of the financing into a CMBS offering and sell through private placements the remaining $125 million in mezzanine notes.

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