S&P: Cantor Commercial notes B

Standard & Poor's said it assigned a B+ rating on Cantor Commercial Real Estate Co. LP, along with a B rating on its proposed issuance of $250 million in senior unsecured notes.

The outlook is stable.

The ratings reflect the company's monoline business and concentration in commercial real estate, its dependence on repurchase agreement funding facilities and short operating history, S&P said.

The company's strong profitability, its position as one of the largest originators and sellers of commercial real estate loans and the operational and distribution support from Cantor Fitzgerald LP are positive rating factors, the agency said.

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