Citigroup and Goldman to Sell CMBS Worth $789M

By GlobeSt News Portal

Print Email Share Reprints News Tip? Get Alerts

Disable this ad

Sign Up for the New York AM Alert

Join the thousands of real estate professionals that subscribe to the New York AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with market intelligence and a daily business advantage.

Become a registered member today and don’t miss another important story in the New York market. Let GlobeSt.com be your source for everything real estate.

NEW YORK CITY-Citigroup Inc. and Goldman Sachs Inc. will be selling commercial mortgage-backed securities worth $788.5 million. This was reported in a term sheet that was sent to its investors. This is the sixth issue of CMBS since the market opened last December.

There is a huge demand for CMBS, as over $1.2 trillion of commercial property loans are expected to mature in the next few years. This year alone CMBS worth $1 billion have been sold compared to none in 2009. For the full story, go to Reuters.

Categories: Northeast, Capital Markets, New York