JP Morgan will issue $505 million of notes backed by the beneficial interests in a pool of four commercial mortgage loans backed by 82 properties.

The deal, JPMCC 2013-FL3 has been assigned preliminary ratings by Fitch Ratings. The capital structure includes $280.3 million of ‘AAA’ notes; $86.3 million of ‘AA-’-rated notes; $60.5 million of ‘A-’ notes; $44.9 million of ‘BBB-’-rated notes; and $33 million of ‘BB-’-rated notes, according to the Fitch presale report.

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