JPMorgan plans to sell $1 billion in CMBS

08/19/2010 | Bloomberg

JPMorgan Chase is planning the largest sale of commercial mortgage-backed securities this year in a deal that would give H/2 Capital Partners, a hedge fund and buyer of the lowest $50 million piece, authority over soured loans, sources said. CMBS sales dropped 95% in 2008 from $234 billion in 2007, according to Bloomberg data. About $2.4 billion in CMBS have been issued this year.

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