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BAML launches €286.4m multi-borrower Italian CMBS backed by three private equity firms

Bank of America Merrill Lynch (BAML) has launched a five-year €286.4m multi-borrower securitisation of three Italian loans extended to Blackstone, Cerberus and Orion Capital Managers in an all private equity sponsor securitisation dubbed TAURUS 2015-1 IT.
By James Wallace
January 16, 2015 | 9:19 P.M.

The three loans are collectively secured by 14 assets split between offices and retail centres with an average LTV of 62.5% and an average occupancy of 87.8%, implying a combined portfolio valuation of 458.24m.

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