RBS Greenwich Capital Markets and Goldman Sachs have formed an alliance in which they will bundle commercial real estate loans and sell them as bonds. Goldman and RBS Greenwich expect to sell three commercial mortgage bond deals this year and plan to complete four a year in coming years, according to sources.
The first of these deals, said to be worth $2.6 billion to $2.7 billion from both companies, is expected to come to market in April. RBS Greenwich Capital is the US fixed income unit of Royal Bank of Scotland.