Deal Name: 2002-C2
Simon Defaults on $79Mln Loan on Pittsburgh-Area Mall
Pittsburgh Tribune-Review Simon Property Group has defaulted on a $79 million loan against the 1.29 million-square-foot Century III Mall in the Pittsburgh suburb of West Mifflin, Pa. The property is part of the collateral pool for a $121.7 million loan ...
S&P Downgrades Bonds from GMACC 2002-C1, BACM 2002-2 and CSMC 2006-C2
Following is a list of recent downgrades by Standard & Poor's: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln S&P New Rating S&P Old Rating Notes GMAC Commercial Mortgage ...
Moody’s Downgrades Bonds from 5 CMBS Deals
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Reason for Rating Action ...
MOODY’S CMBS UPGRADES
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action Wachovia Bank Commercial Mortgage Trust, 2002-C2 775.8 875.1 F 10.9 Aa1 Aa3 Increased subordination; defeasance (26.9 percent of the pool). - - - G 15.3 ...
Moody’s Downgrades 3 Classes; Upgrades 4 of JPMorgan 2002-C2
Moody's Investors Service has downgraded three classes of JPMorgan Commercial Mortgage Securities Corp., 2002-C2 that are tied to a large shopping center loan whose collateral has seen a decline in performance. The rating agency downgraded the deal's: - $5.2 million ...
MOODY’S CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionAsset Securitization Corp., 1996-MD6323.3895.2A-444.8AaaAa1Increased subordination---A-522.4AaaAa2----A-649.2Aa1A1-Citigroup Commercial Mortgage Trust, 2004-C11,074.01,182.0B31.0AaaAa2Increased subordination; defeasance (6.1 percent of pool)---C13.3Aa1Aa3----D26.6A1A2-Banc of America Commercial Mortgage Inc., 2002-PB2923.61,100.0B50.6AaaAa1Increased subordination; defeasance (14 percent of pool)---C16.9Aa1Aa2----D14.1Aa3A1-COMM, 2003-LNB1807.1846.0B28.6AaaAa2Increased subordination; defeasance (13 percent of pool)---C12.7AaaAa3----D19.0Aa3A2----E10.6A1A3-Morgan ...
Morgan Stanley Lends $200Mln for Boston Offices
A fund managed by Transwestern Investment Co. has lined up about $200 million of fixed-rate financing from Morgan Stanley for 75-101 Federal Street, a pair of office buildings in Boston that it recently acquired. The debt allowed the defeasance of ...
Moody’s Upgrades 8 Classes of GMAC 2002-C2
Moody's Investors Service upgraded eight classes of GMAC Commercial Mortgage Securities Commercial, 2002-C2, because significant portions of the deal have been defeased, or replaced with government securities. The deal has a remaining balance of $708.8 million, down 3.9 percent from ...
Moody’s Upgrades 7 Classes Wachovia 2002-C2
Moody's Investors Service has upgraded seven classes of Wachovia Bank Commercial Mortgage Trust, 2002-C2, because of increased credit support levels.The deal's balance has decreased 4.8 percent to $833.5 million from $875.1 million at issuance. Five loans totaling 4.5 percent of ...
S&P Upgrades 11 Classes of GMAC 2002-C2
Standard & Poor's has upgraded 11 classes of GMAC Commercial Mortgage Securities Inc., 2002-C2, because of improved subordination levels. The deal's balance is $710.3 million, compared with $737.7 million at issuance. In addition, nine loans totaling $72.4 million have been ...
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