Deal Name: 2005-C1
Fitch Downgrades 7 Classes of GMAC 2005-C1
Fitch Ratings has downgraded seven classes of GMAC Commercial Mortgage Securities, 2005-C1, because of expected losses. The rating agency said a recent appraisal for the Two Detroit Center parking garage, a 1,007-space facility near Comerica Tower in the city's downtown, ...
DBRS CMBS UPGRADES
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln DBRSNewRating DBRSOldRating Reason for Rating Action GE Commercial Mortgage Corp. 1,620.3 1,856.4 B 41.9 AA(high) AA Strong outlook for collateral; defeasance (10.6 percent of pool)
Fitch Watches for Downgrade 7 Classes of GMAC 2005-C1
Fitch Ratings has placed seven classes of GMAC Commercial Mortgage Securities Corp., 2005-C1, on Rating Watch negative because of a decline in the value of the real estate backing the largest loan in special servicing. That loan, with a balance ...
S&P Downgrades 7 Classes of GMAC 2005-C1
Standard & Poor's has downgraded seven classes of GMAC Commercial Mortgage Securities Inc., 2005-C1, because of expected losses resulting from two large collateral loans that are in special servicing. Downtown Detroit's office vacancy problem - 27 percent of its space ...
Time Equities Nixes Offering of Kansas City, Mo., Office Building
Time Equities Inc. has pulled City Center Square, a 653,278-square-foot office building in downtown Kansas City, Mo., off the sales block. Offers for the property were much lower than expected due to its high vacancy rate, two major tenants leaving ...
FINAL PRICING: $1.6Bln GMAC Commercial Mortgage Securities Inc., 2005-C1
June 3, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch Final Pricing (bp) Bnch mark A1 61.20 30.00 2.99 AAA AAA +12 swaps A1A 344.51 30.00 7.25 AAA AAA NA swaps A2 300.00 30.00 4.68 ...
FINAL PRICING: $1.5Bln Credit Suisse First Boston Mortgage Securities Corp., 2005-C1
March 3, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Moody's Final Pricing (bp) Bnch mark A-1 113.74 20.00 3.2 AAA Aaa +8 swaps A-2 125.50 20.00 4.9 AAA Aaa +12 swaps A-AB 113.10 20.00 6.7 ...
FINAL PRICING: $1.7Bln GE Commercial Mortgage Corp., 2005-C1
February 4, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch Rating DBRS Final Pricing (bp) Bnch mark A1 75.84 20.00 2.61 AAA AAA AAA +9 swaps A1A 146.37 20.00 7.22 AAA AAA AAA NA swaps ...
FINAL PRICING: $1.5Bln LB-UBS Commercial Mortgage Trust, 2005-C1
February 2, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Moody's Final Pricing (bp) Bnch mark A1 53.00 20.00 2.8 AAA Aaa +11 swaps A1A 186.80 20.00 7.1 AAA Aaa NA swaps A2 232.00 20.00 5.0 ...
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.
