JPMorgan Chase & Co. (JPM:US) removed a $49 million loan on a Florida shopping center from a $1.1 billion commercial-mortgage bond it’s marketing, according to regulatory filings.
The debt is tied to the 182,705 square-foot property in Boca Raton, Florida, according to a document filed with the U.S. Securities and Exchange Commission dated March 29. The mortgage was the sixth-largest in the pool. The transaction is set to be sold to investors this week, according to people familiar with the sale.
Justin Perras, a spokesman for JPMorgan, declined to comment.
To contact the reporter on this story: Sarah Mulholland in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Alan Goldstein at email@example.com