Deal Name: 2004-WHALE4

Standard & Poor's has downgraded three classes of Wachovia Bank Commercial Mortgage Trust, 2004-Whale4, because of a decline in the value of the collateral for the deal's remaining loan. That loan, with a balance of $65.6 million, is backed by ...

Standard & Poor's has downgraded three classes of Wachovia Bank Commercial Mortgage Trust, 2004-Whale4, because of a decline in the value of the collateral for the deal's remaining loan. That loan, with a balance of $65.6 million, is backed by ...

Moody's Investors Service has downgraded the $34 million class J of Wachovia Bank Commercial Mortgage Trust, 2004-WHALE4, to B3 from Baa2. The rating agency took action because of a decrease in net cash flow from a $67.6 million loan on ...

Moody's Investors Service had downgraded two classes of Wachovia Bank Commercial Mortgage Trust, 2004-WHALE4, while placing one class on review for possible downgrade. The rating actions were prompted by a decline in the value of a mixed-use property in New ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionWachovia Bank Commercial Mortgage Trust, 2004-WHALE4164.61,100.0D12.7AaaAa2Increased subordination---E15.8AaaAa3----F15.8AaaA1----G18.4AaaA3----H23.7A2Baa1-Morgan Stanley Dean Witter Capital I Trust, 2000-LIFE2631.4765.3C24.9Aa3A1Increased subordination---D6.9A1A3----E18.8Baa1Baa2-

Standard & Poor's Ratings Services has downgraded two classes of Wachovia Bank Commercial Mortgage Trust, 2004-Whale4, that are tied to properties that have experienced weakened performance.The rating agency downgraded the deal's $2 million class RC to BB from BBB-. The ...

Moody's has downgraded two classes of Wachovia Bank Commercial Mortgage Trust, 2004-Whale 4, as a result of damage inflicted by Hurricane Katrina on the Ritz-Carlton - New Orleans, which secures a $68.2 million collateral loan.The hotel suffered significant damage during ...

Moody's Investors Service has taken the first rating action on CMBS deals that have substantial exposures to properties in areas ravaged by Hurricane Katrina.The rating agency has placed under review for possible downgrade classes from five CMBS deals. Moody's said ...

November 17, 2004 Commercial Real Estate Direct Staff ReportArbor Realty Trust (NYSE:ABR) provided a $35 million mezzanine loan for 500-512 Seventh Avenue, a complex of three office buildings in Manhattan's garment district.The mezzanine loan is junior to $235 million of ...

September 21, 2004 Class Amt ($mln) Sub Level (%) Avg Life (yrs) Rating S&P Rating Moody's Final Pricing (bp) Bnch mark A-1 614.38 41.69 1.66 AAA Aaa +13 Libor A-2 204.79 22.25 2.02 AAA Aaa +17 Libor B 44.78 18.00 ...