RBS Commercial Funding is planning to issue a new series of commercial mortgage backed pass-through certificates under the RBS Commercial Mortgage Securities Trust, according to a filing with the SEC.
The deal will be backed by fixed rate mortgage loans secured by first liens on various types of commercial, multifamily, and manufactured housing community properties.
The underwriter will be RBS Securities.
In December 2013, RBS Commercial Funding issued $375 million RBS Commercial Funding Inc. 2013-GSP Trust. The single-loan transaction is secured by the fee interest on the Garden State Plaza mall—a super-regional mall located in Paramus, NJ—and the accompanying leases, rent, and other income. Standard & Poor’s rated the class A tranche AAA.’