Fitch Ratings has downgraded 10 classes of JPMBB Commercial Mortgage Securities Trust, 2014-C24, as it has increased its projection for losses from the deal’s collateral pool, which includes a pair of potentially problematic loans backed by...
Commercial Real Estate Direct Staff Report The weak performance of the Palisades Center shopping center in West Nyack, NY, coupled with its sharply reduced appraised value has prompted Moody’s Investors Service to downgrade four classes of the...
Moody’s Investors Service has downgraded two classes of GS Mortgage Securities Corp, 2017-GPTX, because of the declining performance of its collateral, the Greenway Plaza office complex in Houston The rating agency downgraded the deal’s...
Fitch Ratings has downgraded six classes of WFRBS Commercial Mortgage Trust, 2013-C14, as it expects the deal to suffer greater losses than previously had expected Those increased losses are driven primarily by the $110 million loan piece secured by...
Commercial Real Estate Direct Staff Report The ratings of CMBS deals with loans against properties in the path of Hurricane Ian likely won’t be impacted, according to Fitch Ratings, because of requirements for property insurance coverage and...
Commercial Real Estate Direct Staff Report The likelihood that the $195 million mortgage against the Valencia Town Center shopping mall in Southern California won’t be retired when it comes due in January has contributed to Fitch...
Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded five classes of COMM, 2012-CCRE1, because of concerns it has with the ability of two large mall loans to get refinanced by their maturity The transaction has been whittled down...
Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded five principal-paying classes and one interest-only class of UBS-Barclays Commercial Mortgage Trust, 2013-C6, because it has increased losses it expects to result from the...
Fitch Ratings has downgraded three classes of COMM, 2013-CCRE13, because of the higher losses it expects to result from the resolution of its second largest collateral asset, an $8203 million piece of a $2552 million loan against 175 West Jackson...
Fitch Ratings once again has downgraded class D of WFRBS Commercial Mortgage Trust, 2014-C22, because it has increased its estimate of losses tied to the $955 million loan against a portfolio of four office buildings with 982,483 square feet in...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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