Multiborrower CMBS deal delights market

04/1/2010 |

News of the first new commercial mortgage-backed security deal of the year -- a $500 million bond originated by Royal Bank of Scotland -- has given a boost to the commercial real estate industry. In particular, this one is a multiborrower transaction as opposed to the single-borrower deals last year. That, says Patrick Sargent, president of the Commercial Real Estate Finance Council, signals a return to "more of the traditional conduit-type lending."

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