JPMorgan Chase is putting a $535 million commercial mortgage-backed securities deal backed by a single loan on the Fountainebleau Miami Beach hotel in the pipeline, according to Standard & Poor’s.

A two-year floating-rate loan secured by a first priority lien mortgage on the borrowers' fee simple interest and leasehold interest in the 1,594-room hotel backs JPMorgan Chase Commercial Mortgage Securities Trust 2014-FBLU, according to S&P’s presale report on the deal.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry