SCF Realty Capital, a lender that specializes in single-tenant properties, launched its first commercial mortgage securitization last week.

The transaction is structured as a master trust that can issue several series of notes. There are two initial series with preliminary ratings from Kroll Bond Rating Agency:  $263.5 million of series 2016-1 notes are rated A and $17.25 million of series 2016-2 notes are rated BBB. They are backed by 256 commercial real estate properties with an aggregate value of approximately $351.7 million.

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