Starwood Capital Group plans to issue a CMBS backed by a $760 million loan that was jointly originated by Barclays, The Royal Bank of Scotland and JPMorgan Chase Bank. 

The loan collateralizing the CMBS transaction has an initial three-year term and provides for two, one-year extension options. The loan requires monthly interest-only payments based on one month LIBOR plus a spread of 2.35%.

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