Bloomberg News

JPMorgan Drops Florida Shopping-Center Loan From Mortgage Bond

April 17, 2012

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 smulholland3@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net


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