Franchise ABS, which has all but disappeared this year, will see its first two term deals before the end of July, according to industry sources.

Via its real estate investment trust (REIT) called CNL American Properties Fund, CNL Financial Servicers is preparing a $150 million to $200 million, five-year floating rate note offering, which it will bring to market in July, according to a company source. Banc of America Securities will be lead manager.

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