CMLS Financial Ltd.

CMLS Financial Ltd.

September 28, 2015 15:52 ET

CMLS Financial Completes $570 Million CMBS Transaction With Third Issue Under the CCMOT Banner

TORONTO, ONTARIO--(Marketwired - Sept. 28, 2015) - CMLS Financial, one of Canada's largest, independent commercial mortgage services companies, is pleased to announce the successful completion of a third issue under the Canadian Commercial Mortgage Origination Trust (CCMOT) banner. The $570 million Series 2015-3 transaction is the largest CCMOT offering since the shelf was created in 2012 and the largest Canadian CMBS transaction since 2007. Inclusive of this transaction, CMLS Financial has originated approximately $1.8 billion in securitized commercial mortgage loans spanning 5 CMBS transactions since 2012.

The $570 million Series 2015-3 transaction is comprised of a pool of 42 mortgage loans secured by 59 commercial properties located in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec. The transaction also features 9 different property types with office, retail, industrial and multifamily exposure representing approximately 80% of the pool.

"With this transaction, we anticipate Canadian CMBS volume to reach a post-recession high in calendar 2015," said Glen Malcolm, Senior Vice President at CMLS Financial. "As CMBS lending continues to build steam, we are proud to yet again lead the way with the largest post-2007 issuance."

About CMLS Financial

CMLS Financial is one of Canada's largest, independently owned mortgage services companies, with offices across the country. Founded in 1974, the company provides a wide range of commercial lending services, residential mortgages, and institutional services. For more information about Canada's Mortgage Company™, visit www.cmls.ca.

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