Oaktree Capital Group plans to issue $260.5 million of securities backed by a pool of 1,151 non-performing loans and real estate-owned commercial properties, according to a Kroll Bond Ratings presale report.

The deal, Oaktree Real Estate Investments/Sabal, Series 2013-LV2, is structured with a $201.47 million ‘BBB-’ rated class A note and an equity tranche worth $50.12 million that has not been rated by Kroll.

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