The commercial mortgage-backed securities market passed a major milestone this week when First Union Capital Markets and Lehman Brothers successfully completed a $2.25 billion issue-the largest ever.

The deal shattered the previous record of $1.7 billion, set in September by General Motors Acceptance Corp., Deutsche Morgan Grenfell, and Lehman Brothers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.