J.P Morgan is lining up $925 million of commercial mortgage bonds backed by a portfolio of Sears stores, according to Kroll Bond Rating Agency

J.P. Morgan Chase Commercial Mortgage Securities Trust 2015-SGP is collateralized by single note, A-1, that is part of a first-lien mortgage loan that was used to help fund Seritage Growth Properties’$2.8 billion acquisition of 235 retail properties, plus 50% of joint ventures that own 31 retail properties, from Sears Holdings.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.