Deal Name: 2005-TFL3

Pebblebrook Hotel Trust said the Sir Francis Drake Hotel in San Francisco, which it has purchased for $90 million, is expected to generate $2.5 million to $3 million of net operating income over the next 12 months. The 416-room property ...

By John Covaleski, Commercial Real Estate Direct Staff WriterPebblebrook Hotel Trust, a REIT that raised $402.5 million through an initial public offering of its shares last December, has agreed to pay $90 million for the Sir Francis Drake Hotel in ...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln S&PNewRating S&POldRating Reason for Rating Action Credit Suisse First Boston Mortgage Securities Corp., 2005-TFL3 37.4 494.9 J 8.5 A BBB+ Increased subordination. - - - K 19.0 BBB BBB- -  

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1188.0047.501.7AAAAAA+20LiborA-2157.0030.001.8AAAAAA+28LiborB21.0026.101.9AA+AA++31LiborC20.0022.001.9AAAA+35LiborD13.0019.401.9AA-AA-+39LiborE13.0016.801.9A+A++47LiborF13.0014.101.9AA+50LiborG13.0011.501.9A-A-+53LiborH13.008.902.4BBB+BBB++75LiborJ15.005.802.9BBBBBB+140LiborK19.002.00NANABBB-NALiborL9.95NANANABBB-NALiborX-1*441.14NANANAAAANALiborX-2*53.80NA NANAAAANALibor*Notional amount, interest onlyCollateral balance: $494.95 millionBookrunner(s): Credit Suisse First BostonLead Managers: Credit Suisse First BostonCo-managers: WachoviaMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: Wells Fargo BankOriginators: Column Financial (100 percent)Number of Loans/Properties: 6/7Top-10 Concentration: 45 percentProperty ...