Content area
Full Text
In what would be one of the biggest mortgage assignments of the year, a pension fund controlled by the Government of Singapore is looking for $950 million of financing.
The collateral will be 10 office buildings in six cities, including Chicago, New York and San Francisco, with a combined value of nearly $1.5 billion. The pension fund wants to refinance individual mortgages on the properties with a single debt package.
The assignment is being shopped mainly to securitization programs, since it would...