RAIT Financial Trust has launched its sixth commercial real estate (CRE) collateralized loan obligation (CLO), according to Moody’s Investors Service.

The transaction, RAIT CRE CLO 2016-FL6, is backed by a $258 million portfolio of mortgages on 33 properties. Moody’s expects to assign a triple-A rating to the $143 million tranche of notes to be issued; it’s not rating any of the subordinate tranches.

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