RBS Securities filed a registration with the SEC for a $931 million CMBS deal called WFRBS Commercial Mortgage Trust 2012-C9.
The deal is structured with five classes of triple-A rated notes that have been rated by Moody's Investors Service, Morningstar and Fitch Ratings. The capital structure also includes one double-A minus tranche and a single-A minus tranche.
The notes are backed the cashflow streams from 73 mortgage loans on 100 properties. the properties are distributed across 30 states and the Cayman Islands.
Approximately 49% of the portfolio is concentrated in five states including Virginia, Texas, California, Maryland and Missouri. The largest loan exposure, Chesterfield Towne Center, represents 10.4% of the overall portfolio.
RBS, Wells Fargo Securities and Deutsche Bank Securities are underwriting the deal which is expected to close on Oct. 30.
