JPMorgan is expected to offer next CMBS deal, sources say

12/2/2009 | Wall Street Journal, The

The market for commercial mortgage-backed securities appears to be reviving as a second deal is expected from JPMorgan Chase. The bank closed on a $625 million financing deal with Inland Western Retail Real Estate Trust, which will use the funds to pay down debt. JPMorgan is expected to convert $500 million of the deal into a CMBS offering, sources said. The remaining $125 million likely will be sold through private placement.

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