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Page Background Morgan Stanley is a global leader in the origination, financing, securitization and trading of both commercial mortgages and commercial mortgage backed securities (CMBS). As a direct lender, Morgan Stanley provides expedient and attractively priced fixed and floating rate financings on a broad range of stabilized and transitional commercial property types worldwide. Learn more at morganstanley.com. Global Leader in Commercial Real Estate © 2015 Morgan Stanley & Co. LLC. Member SIPC.