WASHINGTON, DC–The first single-borrower deal structured to comply with the risk retention rules that are going into effect at the end of the year is making its way into the market.
This transaction follows this summer's WFCM 2016-BNK1 conduit, the first to comply with the rule. What is noteworthy about this new conduit, though, besides the fact that it is a single-borrower, is that this deal, COMM 2016-667M, is the first to transfer the retained classes to a third party under the risk regulation rules, according to Trepp.
667 Madison Ave
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