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Bank of America, Aegon enter securitization agreement

Charlotte-based Bank of America will bundle property loans from Aegon USA Realty Advisors into bonds under a deal announced Thursday.

Bank of America will “utilize Aegon’s commercial real estate lending expertise and significant industry relationships to source new lending opportunities that BofA Merrill can utilize in its securitization program,” the bank said in a press release.

Aegon USA Realty Advisors is a unit of Dutch insurer Aegon Group.

“AEGON has a very successful and established commercial real estate lending platform,” said Mike Mazzei, global head of commercial mortgage-backed securities for Bank of America. “As the CMBS market continues to recover, this relationship will allow us to increase our securitization capacity and strengthen our CMBS origination capabilities.”

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