Wells Fargo is marketing a $449 million floating rate CMBS transaction backed by 25 loans.  

DBRS has assigned preliminary ratings on the deal, PFP III 2014-1. The capital structure will offer $342.45 million of ‘AAA’-rated class A notes; $28.76 million of ‘AA’-rated class B notes; $33.44 million of ‘A’-rated class C notes; $44.81 million of ‘BBB’-rated class D notes; $21.4 million of ‘BB’-rated class E notes and $18.72 million of ‘B’-rated class F notes.

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