BIG Real Estate BP II, a commercial real estate investment platform owned by Basis Investment Group, has acquired the B-piece in the BANK5 2023-5YR1 commercial mortgage-backed securities(CMBS) origination.  

The CMBS pool valued at $1.025 billion, is supported by 24 recently issued 5-year senior mortgage loans from Wells Fargo, Citibank, Morgan Stanley, and Bank of America. These loans are secured by 134 properties encompassing office, retail, multifamily, hospitality, and self-storage assets across the US. 

“The trillions securitized over the last two+ decades created a tremendous opportunity for a select group of B-piece investors,” said Tammy K. Jones, CEO and founder of Basis Investment Group. “For many years, these coveted, high barrier-to-entry B piece opportunities were routinely only awarded to majority-owned firms.”   

The Pool consists of 24 newly originated 5-year senior mortgage loans backed by 134 properties encompassing office, retail, multifamily, hospitality, and self-storage assets across the United States. The portfolio will be managed by CW Capital.