New Issue: FIP Master Funding I-IV, VI, VIII-XI, XIII, XIV, XVI, And XIX LLC And FIP Ontario Investments ULC (Series 2023-2)

FIP Master Funding I, II, III, IV, VI, VIII, IX, X, XI, XIII, XIV, XVI, and XIX LLC and FIP Ontario Investments ULC's (together, FIP Master Funding) net lease mortgage notes series 2023-2 is the second issuance of Fundamental Income Properties LLC's (FIP) existing master trust and has an issuance size of $314.90 million. Including the series 2023-2 notes, total debt outstanding for the master trust is expected to be approximately $640.83 million at closing. The series 2023-2 issuance shares collateral with the series 2023-1 notes. The master trust structure includes the ability to issue future series of securities that are collateralized by the current collateral pool and future collateral pools. As of the series 2023-2 statistical cut-off date, the

...FIP Master Funding I, II, III, IV, VI, VIII, IX, X, XI, XIII, XIV, XVI, and XIX LLC and FIP Ontario Investments ULC's (together, FIP Master Funding) net lease mortgage notes series 2023-2 is the second issuance of Fundamental Income Properties LLC's (FIP) existing master trust and has an issuance size of $314.90 million. Including the series 2023-2 notes, total debt outstanding for the master trust is expected to be approximately $640.83 million at closing. The series 2023-2 issuance shares collateral with the series 2023-1 notes. The master trust structure includes the ability to issue future series of securities that are collateralized by the current collateral pool and future collateral pools. As of the series 2023-2 statistical cut-off date, the collateral pool is composed of 285 properties, with a total collateral value of $919.16 million. The series 2023-2 issuance is adding 100 properties to the trust, primarily in the service and manufacturing sectors. The collateral pool will vary...

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