Deal Name: 2005-PWR9

  Commercial Real Estate Direct Staff Report The sale of the Towers at Wyncote, a 1,086-unit apartment property in suburban Philadelphia, has resulted in $24.4 million of losses to the CMBS deal that held what once was a $136 million ...

Lindy Property Management Co. is said to have agreed to pay $111 million, or roughly $102,210/unit, for the Towers at Wyncote, a 1,086-unit apartment property in the Philadelphia suburb of Wyncote, Pa. The property backs what had been a $136 ...

The largest loan in the collateral pool of Bear Stearns Commercial Mortgage Securities Trust, 2005-PWR9, with a balance of $135.9 million, has been split into two components, one reflecting the collateral property's appraised value, and extended by five years to ...

By John Covaleski, Commercial Real Estate Direct Staff WriterPrime Healthcare Services, a hospital operator in Ontario, Calif., has agreed to buy the Marriott Ontario Airport hotel in its home city for less than the property's $25.16 million of securitized debt, ...

By John Covaleski, Commercial Real Estate Direct Staff Writer A 299-room hotel in Ontario, Calif., which Sunstone Hotel Investors surrendered to its lender last year, has hit the sales market. Rim Hospitality, the court-appointed receiver for the property, the Marriott ...

Moody's Investors Service has placed 15 classes of Bear Stearns Commercial Mortgage Corp., 2005-PWR9, on review for possible downgrade because of an increased loss expectation from nine loans in special servicing.The loans placed with the special servicer, Helios AMC LLC, ...

Commercial Real Estate Direct Staff ReportThe largest loan in the collateral pool of Bear Stearns Commercial Mortgage Securities Trust, 2005-PWR9, was recently transferred to special servicing, just months after it started to amortize.The losses anticipated to result from the loan's ...

With the pricing yesterday of a $2.2 billion conduit by Bear Stearns, total domestic CMBS issuance this year has hit $101 billion. For the full year, the market should easily hit $130 billion or more.

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA1108.2520.002.99AAAAaa+10swapsA1A231.2820.008.70AAAAaaNAswapsA2358.820.004.85AAAAaa+25swapsA345.820.007.91AAAAaa+31swapsAAB100.020.007.06AAAAaa+27swapsA4A768.030.009.76AAAAaa+26swapsA4B109.720.009.87AAAAaa+33swapsAJ166.812.259.95AAAAaa+37swapsB13.511.6259.95AA+Aa1+42swapsC35.010.009.95AAAa2+44swapsD24.28.8759.95AA-Aa3+46swapsE29.67.509.95AA2+53swapsF21.56.509.95A-A3+62swapsG26.95.259.95BBB+Baa1+90swapsH21.54.2510.78BBBBaa2NAswapsJ24.23.12514.50BBB-Baa3NAswapsK5.392.87514.70BB+Ba1NAswapsL8.092.5014.70BBBa2NAswapsM10.782.0014.70BB-Ba3NAswapsN8.091.62514.78NRB1NAswapsP8.091.2514.79NRB2NAswapsQ5.391.0014.79NRB3NAswapsS21.570.0015.70NRNRNAswapsX1*2,152.4NA8.59AAAAaa+250TreasX2*2,096.0NA5.81AAAAaa+65Treas*Notional amount, interest onlyCollateral balance: $2,156.51 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns Morgan StanleyB-piece Buyer: Hyperion Capital ManagementMaster Servicer: Wells Fargo, Prudential Special Servicer: GMAC Commercial MortgageTrustee: LaSalle BankOriginators: Bear Stearns (34.9 percent), Prudential Mortgage ...