CBA Commercial Issues Small Balance Commercial Mortgage Pass-Through Certificates, Series 2006-2
December 14, 2006 (PRLEAP.COM) Business News
Stamford, Conn. – CBA Commercial, LLC has issued CBA Commercial Assets Small Balance Commercial Mortgage Pass-Through Certificates, Series 2006-2. The certificates were offered in a private placement pursuant to Rule 144A. The $130,480,369 securitization is backed by 294 small balance multifamily, commercial and mixed-use mortgage loans acquired by CBA Commercial.
The average principal balance of the loans as of this issuance is $443,810. Moody’s Investors Service, Standard & Poor’s Ratings Services and Fitch Ratings have assigned ratings to various certificates.
Deutsche Bank Securities, Inc., Greenwich Capital Markets, Inc. and CBA Securities, LLC were the initial purchasers of the certificates. Litton Loan Servicing, LP is the servicer and special servicer.
Series 2006-2 is CBA Commercial’s fourth offering. The company issued small balance commercial pass-through certificates, backed by mortgage loans it had previously acquired, in April 2006, July 2005 and December 2004.
CBA Commercial, LLC (www.cbaloans.com) is a specialized mortgage investment firm that purchases and securitizes small balance multifamily, commercial and mixed-use mortgage loans. Its nationwide CBAC Authorized Lender™ Program provides standard underwriting guidelines, online processing, appraisals and environmental insurance for commercial mortgage loans ranging from $100,000 to $3 million.
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