BAML prices reduced Taurus CMBS at blended 280bps

Bank of America Merrill Lynch (BAML) has priced its reduced €145.8m, four-and-a-half year Taurus 2015-3 EU DAC CMBS at a blended coupon of 280bps after discounting the deal. The transaction is a securitisation of two loans made to MStar Europe, a joint venture between M7 Real Estate and Starwood Capital, secured on 62 light industrial assets in the Netherlands, France and Germany. The transaction is a securitisation of two loans made to MStar Europe, a joint venture between M7 Real Estate and Starwood Capital, secured on 60 light industrial assets located across the Netherlands, France and Germany.