JPMorgan Chase is in the market with its JPMorgan Chase Commercial Mortgage Securities Corp. Trust Series 2010-C2. The $1.1 billion deal is managed by JPMorgan Securities.

However, Barclays Capital analysts said in a report that as much as 49% of the underlying collateral for this new CMBS deal could be from old securitizations. "Not all of these loans were originated by JPMorgan and/or securitized in old JP deals: in fact, there are a variety of originators and shelf names," the report stated. "An overwhelming majority of these loans were originally underwritten as 5-year interest structures and securitized in 2004-05 vintages."

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