CMLS Financial completes $394 million CMBS transaction with second issue under the CCMOT banner.
TORONTO, Dec. 12, 2013 /CNW/ - CMLS Financial, one of Canada's largest, independent commercial mortgage services companies, is pleased to announce the successful completion of a second issue under the Canadian Commercial Mortgage Origination Trust (CCMOT) banner. The $394 million CCMOT2 transaction marks the third CMBS financing of loans originated by CMLS Financial since October 2012, bringing total CMBS loan origination in excess of $1 billion.
The $394 million CCMOT2 transaction is comprised of 42 loans secured by 49 commercial properties located in British Columbia, Alberta, Ontario, Québec and New Brunswick. The transaction comes on the heels of a landmark $400 million financing of five Westin Hotels in Canada through a CMBS transaction arranged by CMLS Financial in September 2013.
"CMBS lending is gaining a strong foothold in the market and we are proud to be a driving force in the re-emergence of this sector," says Glen Malcolm, Senior Vice President at CMLS Financial. "We will continue to show leadership throughout 2014 as the CMBS market continues to develop."
About CMLS Financial
CMLS Financial is one of Canada's largest, independently owned mortgage services companies, with offices across the country. Founded in 1974, the company provides a wide range of commercial lending services, residential mortgages, and institutional services. For more information about Canada's Mortgage Company™, visit www.cmls.ca.
SOURCE CMLS FinancialFor further information:
Senior Vice President, CMLS Financial