Deal Name: 2003-TOP9
Deutsche Lends $86.8Mln Against Washington, D.C., Office Building
Deutsche Bank has provided $86.8 million of financing against 601 New Jersey Ave. NW, a 258,685-square-foot office building in Washington, D.C., that became nearly vacant earlier this year. The floating-rate debt replaces a $37.1 million CMBS loan that was slated ...
Fitch Downgrades Bonds from GMACC 2005-C1, GE 2004-C2, BS 2005-PW10, SOVC 2007-C1 and MSDW 2003-TOP9
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes GMAC Commercial Mortgage Securities ...
S&P CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionMorgan Stanley Dean Witter Capital I Trust, 2003-TOP9993.11,100.0B32.3AA+AAIncreased subordination. Defeasance amounts to 5 percent of pool balance---C35.0AA-A----D12.1AA--Bear Stearns Commercial Mortgage Securities Trust, 2003-PWR21,010.01,067.0B26.7AA+AADefeasance (9 percent of pool)Credit Suisse First Boston Mortgage Securities Corp., 2003-C31,690.01,720.0B47.4AAAAADefeasance ...
FINAL PRICING: $1.08Bln Morgan Stanley Dean Witter Capital I Inc., 2003-TOP9
January 24, 2003 Class Amt ($mln) Avg. Life (yrs) Sub Level (%) Rating S&P Rating Fitch Price Talk (bp) Final Price (bp) Bnch mark A1 318.7 5.7 13.75 AAA AAA +39-40 +39 Swaps A2 610.8 9.69 13.75 AAA AAA +42-43 ...
About
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.
