Deal Name: 2005-CND2

Commercial Real Estate Direct Staff Report A foreclosure auction is scheduled for June 6 for 1107 Broadway, a 320,000-square-foot former office-showroom property in Manhattan. The building is part of the International Toy Center complex, where a residential redevelopment effort failed. ...

Crain's Chicago Business Robert Falor, a Chicago hotel developer who was indicted by an Ohio grand jury for allegedly taking $400,000 from an investor in the proposed conversion of a Chicago hotel into condominiums, has pleaded no contest to the ...

Moody's Investors Service last Thursday downgraded six classes of Credit Suisse First Boston Mortgage Securities Corp., Series 2005-CND2, because of "performance issues" with the deal's two remaining assets. The transaction's collateral is comprised of a $450 million mortgage on the ...

Fitch Ratings has downgraded the $18.8 million class N of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND2, to B- from BB-, because of expected special servicing fees and concerns over two matured collateral loans. In addition, the rating agency ...

Moody's Investors Service has downgraded four classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND1, because sales efforts by the owners of two properties backing troubled loans have so far been unsuccessful. The rating agency last March had downgraded ...

Fitch Ratings has downgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND2, because all of the deal's collateral loans mature this year and many are facing challenges. The transaction is backed by eight remaining loans on apartment ...

Moody's Investors Service has once again downgraded Credit Suisse First Boston Mortgage Securities Corp., 2005-CND2, which is backed by loans on properties that were slated to be converted to condominiums.The rating agency last downgraded some of the deal's classes late ...

Standard & Poor's downgraded six classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND2, earlier this week because most of the deal's collateral loans, all of which were made for properties being converted to condos, have not met its ...

The sharp slowdown in the residential condo sector is causing problems for borrowers whose loans were securitized in a 2005 CMBS transaction. The deal was downgraded several months ago and faces additional ratings hits.

  ClassAmt$mlnAvgLife (yrs)*RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA1956.001.7AAAAAAAaa+30LiborA1S160.001.6AAAAAAAaa+22LiborA1J40.001.9AAAAAAAaa+33LiborA2386.001.9AAAAAAAaa+40LiborB64.001.9AA+AA+Aaa+45LiborC63.001.9AAAAAaa+53LiborD39.001.9AA-AAAa1+60LiborE36.001.9A+AA-Aa2+72LiborF35.001.9AA+Aa3+75LiborG37.002.1A-AA1+80LiborH33.002.4BBB+A-A2+93LiborJ36.002.4BBBBBB+A3+105LiborK32.002.4BBB-BBBBaa1+150LiborL32.002.4BBB-BBB-Baa2+170LiborM23.002.4BBB-BBB-Baa3+210LiborN18.842.4BBB-BBB-Ba1+225Libor*Weighted average life to maturityCollateral balance: $1,990.84 millionBookrunner(s): Credit Suisse First BostonLead Managers: Credit Suisse First BostonCo-managers: Barclays Capital, Lehman BrothersMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: Wells Fargo BankOriginators: Column Financial (70.7 percent), Barclays Real Estate ...