NEW YORK CITY-Barclays Capital and UBSInvestment Bank have filed a free writing prospectus on aCMBS issue that reportedly will go to market in April. Publishedreports put the CMBS conduit offering at $1.5 billion; it will bethe fifth conduit deal thus far in 2012.

Largest of the loans in the package is $120 million in debtbacked by the leased fee interest in the Dream Hotel Downtown at346 W. 17th St. here, according to an SEC filing for UBS 2012-C1.Barclays and UBS did not respond by deadline to GlobeSt.com'srequests for comment on the pricing or the timing of theoffering.

The properties included in the conduit deal span six states andfour property sectors. Along with the Dream Hotel loan, othercollateral in the offering includes approximately $95 million indebt on the 916,039-square-foot Civic Opera House, a class B officeproperty in Chicago; $88 million on the Trinity Centre, a class Boffice asset of comparable size in Lower Manhattan; about $85million backed by 691,325 square feet of the1.2-million-square-foot Poughkeepsie Galleria, a regional mall inPoughkeepsie, NY; Hartford 21, a 36-story multifamily tower inHartford, CT that secures a $75-million loan; Two MetroTech Centerin Brooklyn, also securing a $75-million loan; $65.7 million on theHilton Nashville Downtown in Nashville; an 841,172-square-footoffice tower at 1700 Market St. in Philadelphia that secures $61million in debt; a $60.3-million loan on Bridgewater Falls, a506,356-square-foot retail power center in Hamilton, OH; and $52.4million backed by 101 Fifth Ave., an 80,820-square-foot officeproperty in Manhattan’s Midtown South.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.