BAML launches €177m pan-European MStar CMBS

Bank of America Merrill Lynch has launched a €176.68m securitisation of two loans made to MStar Europe secured on industrial portfolios. The four-and-a-half year Taurus 2015-3 EU DAC CMBS is secured on over 60 assets in three countries, the Netherlands, France and Germany. It is the third CMBS this year to cover multiple jurisdictions in a continuing evolution of the commercial real estate capital markets.