Wells Fargo is marketing $955.2 million of securities backed by a portfolio of loans secured by office and hotel properties, according to a Securities and Exchange Commission filing.
The deal called Wells Fargo Commercial Mortgage Trust 2015-NXS1, is backed by a pool of 68 loans, secured by 93 properties, that are underwritten by Wells Fargo and Natixis Real Estate.
The largest loan in the pool is a $95 million loan underwritten by Natixis that is secured by the Patriots Park Property, a 705,905 square feet of office space and 17,762 square feet of warehouse located in in Reston, VA. A $50 million Wells Fargo, 10-year loan secured by a 16 building office campus located in San Diego, California called Eastage One, is the second largest loan in the pool.
Two hotel properties secure two of the top ten loans in the pool. The loans, which total $56 million, are underwritten by Natixis and are secured by The Best Western Premier Herald Square and Hotel Valencia, located in downtown San Antonio, Texas.