LNR eyes Cantor’s $600M property loan pool

LNR Property is angling to invest in a $600 million pool of Cantor Fitzgerald commercial property loans in what would be its first debt purchase since the revival of the commercial mortgage-backed securities market that began last year, sources told Bloomberg News. Florida-based LNR would purchase the most junior portion of the pool, known as the b-piece, which is riskier but with higher yields. Cantor Fitzgerald said in a regulatory filing this week that it may issue up to $1 billion in commercial-mortgage bonds as it builds up its new real estate practice, Cantor Commercial Real Estate. [Bloomberg]

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