Royal Bank of Scotland's (RBS) Commercial Funding has a $309.7 million CMBS deal that, when sold, would become the first conduit sale in about two years and could serve as benchmark for the selling these type of transactions, according to Reuters Report.

The securitization is backed by 81 commercial real estate properties in Texas, New York, Missouri, Wisconsin and New Jersey and primarily comprises retail and office properties. RBS and Natixis are underwriting the sale of securities that are expected to price later this week.

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