As part of its reorganization plan to emerge from Chapter 11 bankruptcy protection, Criimi Mae Inc. sold five classes of commercial mortgage-backed securities. The transaction marks the final asset sale required to complete its reorganization.

The sale totaled $43.8 million in BB, B-minus and unrated subordinate securities from Chase Commercial Mortgage Securities Corp., Series 1998-1. The bonds were sold to German American Capital Corp. (GACC), a unit of Deutsche Bank.

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