UBS and Bank of America Merrill Lynch are marketing $708 million of bonds backed by 42 mortgage loans that are secured on 57 properties, according to Kroll Bond Ratings.

The deal, called BACM 2015-UBS7, is less highly leveraged than the last 21 CMBS conduits rated by Kroll; it has an average loan-to-value ratio of 97.8%, compared with 103.3% for the last 21 Kroll-rated deals.

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