GMACCM Japan Does CMBS Deal

August 16, 2004, 2:00 p.m. EDT 1 Min Read

GMAC Commercial Mortgage Japan has securitized a multiborrower commercial mortgage-backed securities conduit transaction.The securitization consists of 13 nonrecourse loans secured by 19 individual real estate assets, according to GMAC Commercial. The loans backing the deal total 13.87 billion yen (about $126 million). Credit Suisse First Boston Securities (Japan) Ltd.'s Tokyo branch arranged and structured the transaction.

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