Banks have arranged $8.6 billion of bonds tied to commercial real estate in 2011, and JPMorgan Chase & Co. leads the lenders with $2.9 billion of bonds backed by commercial mortgages, Bloomberg reported.

The New York-based financial giant has made 42 loans on 84 properties, said an unidentified source cited by Bloomberg. The largest mortgage in that commercial mortgage-backed securities offering was a $199.8 million loan on a 1.5 million-square-foot shopping mall in New Jersey.

Wells Fargo & Co. and Royal Bank of Scotland Group Plc are selling bonds valued at $1.45 billion and connected to office, mall and hotel loans. Those securities may be sold as soon as next week.

“We expect demand to remain strong, and upcoming deals to be generally well-received,” JPMorgan analysts wrote last week in a report. They said nearly $4.5 billion of new offerings are on the table for the next two weeks.