The mortgage securities unit of Goldman Sachs is issuing a fixed rate commercial mortgage-backed security (CMBS) in the $1 billion range, Reuters reports. The deal will have a ‘pari-passu’ split-loan structure and likely be rolled out in the first quarter.
Goldman Sachs Commercial Mortgage Capital is the originator, while Goldman Sachs Mortgage is the sponsor. The issue will be backed by retail, office, multifamily, hospitality, and auto dealership properties.
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