Starwood Hotels & Resorts Worldwide Inc. recently completed a securitization deal that involved $166 million worth of notes by SVO 2009-B Mortgage Corporation. The company contributed $200 million worth of timeshare mortgages with an 83 percent advance rate and a note rate of 5.81 percent. The company expects a pre-tax gain of more then $15 million for its arrangements.

Source: Benzinga