CBAC Touts 1st Securitization

Published February 18, 2005, 3:00 p.m. EST

1 Min Read

CBA Commercial LLC, a commercial mortgage finance firm based in Stamford, Conn., has announced the issuance of its first capital markets offering, a $102 million securitization of commercial, mixed-use, and multifamily mortgage loans.The deal -- CBA Small Balance Commercial Mortgage Pass-Through Certificates, series 2004-1 -- included 265 loans with an average principal balance of approximately $387,000. RBS Greenwich Capital was the initial purchaser of the certificates, and Midland Loan Services Inc. is the servicer and special servicer, CBAC reported. CBAC is a specialty commercial mortgage finance firm that acquires and securitizes small-balance multifamily, commercial, and mixed-use mortgage loans. The company can be found online at http://www.cbaloans.com.

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