A $1.4 billion commercial mortgage-backed security (CMBS) consisting of a number of tranches is in the pipeline, according to a pre-sale by Kroll Bond Ratings Agency (KBRA).

The transaction is a conduit deal to be issued off a UBS trust and is backed by 70 fixed-rate mortgages on 94 properties. Among the larger triple-A tranches in COMM 2014-UBS5 are one for $260 million and another for $354.7 million. All the tranches have a legal final maturity of Sept. 2047.

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