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Deutsche, UBS File $1.4B CMBS with SEC

NEW YORK CITY-The pool consists of 43 commercial mortgages secured by 64 properties, including the Times Square Hotel Portfolio in New York, Three Allen Center in Houston and the Quadrus Office Park in Menlo Park, CA.

By Jacqueline Hlavenka | Updated on August 10, 2011

(Mark Your Calendars: RealShare Distressed Assets takes place Oct. 4-5 in Grapevine, TX. RealShare New York takes place Oct. 12 at the Marriott Marquis.)

NEW YORK CITY-Deutsche Bank and UBS AG are testing the waters by selling a $1.4-billion pool of public and private commercial mortgage-backed securities, SEC filings show on Wednesday afternoon. The move is a sign that investors are beginning to experiment with the CMBS once again after Goldman Sachs and Citigroup Inc. yanked $1.5 billion in CMBS off the market after ratings agency Standard & Poor’s declined to rate it just two weeks ago.

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