Deutsche Bank plans to issue $900 million in securities backed by a first mortgage loan that is secured by the Grace Building, a midtown Manhattan high-rise office building, according to a Morningstar presale report.

The loan has a seven-year term and offers interest-only payments thorough the life of the loan, based on a fixed interest rate of 3.61%. German American Capital, Bank of America and JP Morgan are listed as the loan sellers.

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