Wells Fargo and RBS is marketing a $1 billion commercial mortgage-backed security (CMBS) known as WFRBS 2013-C16. The largest single loan is for $100 million and is secured by Westfield Mission Valley, a mall in San Diego, Calfornia that has a handful of anchor stores, including Bed Bath & Beyond and Nordstrom Rack.

The deal is backed by a total of 86 fixed-rate commercial mortgage loans that are, in turn, secured by 144 properties. Kroll Bond Rating Agency has assigned preliminary 'AAA(sf)' ratings to seven tranches, adding up to roughly $833 million.

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