12/2/2009

The market for commercial mortgage-backed securities, nearly nonexistent until quite recently, seems to be reviving as a new deal works its way to Wall Street. JPMorgan Chase provided $625 million of new financing to a nontraded REIT, Inland Western Retail Real Estate Trust. The lender plans to package about $500 million of the first mortgage as a new CMBS offering, people familiar with the transaction told The Wall Street Journal. The first successful new CMBS offering in more than a year closed a week ago.

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