The triple-A rated class A notes structured with a 2.59-year weighted average life priced at 60 basis points over swaps. The 4.91-year, class A-2, triple-A notes priced at 80 basis points over swaps. The 6.79-year, class A-3, triple-A notes priced at 105 basis points.
The 10-year, triple-A notes priced at 105 basis points, about 5 basis points wider than where 10-year new issue, triple-A spreads are at the moment. Analysts at JPMorgan said in a securitization report this week that spreads haven’t really moved since mid-August and hovered at 100 basis points.
The 7.52-year, class A-SB and the 9.96-year class A-s, which are both rated triple-A, priced at 105 basis points and 95 basis points respectively.
The double-A minus, 10-year, class B notes priced at 180 basis points; and the single-A minus rated, 10-year, class C notes priced at 265 basis points.
The triple-B minus, class D notes have been privately placed and no pricing information was available on the notes.
The deal is backed by a total of 86 fixed-rate commercial mortgage loans that are, in turn, secured by 144 properties.
