UBS and Barclays are marketing a $1.2 billion multi-borrower commercial mortgage-backed securitizations deal, according to a deal term sheet.
The mortgage pool for UBS-Barclays Commercial Mortgage Trust 2013-C6 consists of 73 fixed-rate commercial, multifamily and manufactured housing community mortgage loans that are secured by 91 properties located in 28 U.S. states and the U.S. territory of Guam.
Redwood Commercial Mortgage Corporation and Natixis join UBS and Barclays as lead managers on the deal. JP Morgan and Drexel Hamilton are co-sponsors of the deal.
Fitch Ratings, Kroll Bond Ratings and Moody’s Investors Service have assigned preliminary ratings of ‘AAA’/ ‘AAA’/ ‘Aaa’ respectively, to the six tranches of notes that will be offered under the deal’s capital structure.
Retail properties make up 45.8% of the pool; mixed use properties represent 15.4% of the pool; hospitality properties account for 13.4% of the pool; multifamily make-up 10.4% of the pool and office properties account for 10.2% of the pool.