Deal Name: 2006-C2
1999-Vintage CMBS Loan Finally Gets Resolved
Commercial Real Estate Direct Staff Report The Mall at the Source, a 512,528-square-foot shopping center in Westbury, N.Y., and a loan against the adjoining 210,798-sf Fortunoff Building have been sold for $92 million. The assets were sold by LNR Partners, ...
New York Community Lends $46.5Mln Against 75 Maiden in Manhattan
Commercial Real Estate Direct Staff Report New York Community Bank has provided a $46.5 million loan against 75 Maiden Lane, a 172,040-square-foot office building in lower Manhattan. The property, which is owned by A.M. Property Holding Group, had served as ...
Cedar Realty Pays $24.5Mln for Phila. Retail Center
Cedar Realty Trust Inc. has paid $24.5 million, or $263.45/sf, for Lawndale Plaza, a 93,000-square-foot retail center in the Lawndale section of Northeast Philadelphia. The Port Washington, N.Y., REIT bought the 17-year-old property, at 6301 Oxford Ave., from Highland Cos. ...
Moody’s Downgrades GCCFC 2002-C1, GECMC 2003-C2, GMACC 2002-C2, MLMT 2006-C2 and CSFB 2002-CKN2
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Greenwich Capital Commercial ...
Plantation, Fla., Retail Center Fetches $15.7Mln
Daily Business Review A company managed by Azor Advisory Services Inc. of Davie, Fla., has paid $15.7 million, or about $217.41/sf, for the 72,214-square-foot Plantation Crossing retail property in Plantation, Fla. The property, on 7.43 acres at 12130 West Sunrise ...
Moody’s Places 15 Classes of Credit Suisse 2006-C2 on Review for Downgrade
Uncertainty surrounding a $157.4 million loan on a multifamily portfolio has prompted Moody's Investors Service to place on review for downgrade 15 classes from Credit Suisse Commercial Mortgage Trust, 2006-C2. The rating agency has already taken similar action with three ...
S&P Downgrades 2 Classes of Credit Suisse 2006-C2
Standard & Poor's has downgraded two classes of Credit Suisse Commercial Mortgage Trust, 2006-C2, because of credit concerns it has with nine loans totaling $33.1 million, that have debt-service coverage levels of less than 1.0x. The loans are backed by ...
Moody’s Downgrades 3 Classes of Merrill Lynch 2006-C2
Moody's Investors Service has downgraded three classes of Merrill Lynch Mortgage Trust, 2006-C2, due to a decline in the deal's overall performance. A total of 30 loans with a balance comprising 25.4 percent of the collateral pool are on the ...
FINAL PRICING: $1.42Bln Merrill Lynch Mortgage Trust, 2006-C2
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-146.5730.002.84AAAAaa+4swapsA-1A393.2030.009.49AAAAaaNAswapsA-295.0030.007.42AAAAaa+28swapsA-3110.0030.009.68AAAAaa+34swapsA-4435.1230.009.86AAAAaa+24swapsA-M154.2720.009.94AAAAaa+28swapsA-J109.9212.8759.99AAAAaa+30swapsB30.8510.8759.99AAAa2+35swapsC15.439.8759.99AA-Aa3+37swapsD27.008.1259.99AA2+44swapsE17.367.009.99A-A3+48swapsF25.075.3759.99BBB+Baa1+70swapsG15.434.3759.99BBBBaa2+80swapsH15.433.3759.99BBB-Baa3+110swapsJ9.642.759.99BB+Ba1NAswapsK3.862.509.99BBBa2NAswapsL5.792.1259.99BB-Ba3NAswapsM3.861.8759.99B+B1NAswapsN3.861.6259.99BB2NAswapsP3.861.3759.99B-B3NAswapsQ21.210.0011.99NRNRNAswapsX1,542.70NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $1,542.70 millionBookrunner(s): Merrill LynchLead Managers: Merrill LynchCo-managers: Ixis Securities, Goldman Sachs, Morgan StanleyB-piece Buyer: JER PartnersMaster Servicer: Wachovia Bank/Prudential Asset ResourcesSpecial Servicer: JE Robert Cos.Trustee: LaSalle BankOriginators: Merrill Lynch (34.46 percent), Ixis ...
FINAL PRICING: $1.4Bln Credit Suisse Commercial Mortgage Trust, 2006-C2
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-158.0030.003.2AAAAaa+5swapsA-266.0030.007.0AAAAaa+22swapsA-3364.8830.009.6AAAAaa+22swapsA-1A518.7430.009.1AAAAaaNAswapsA-M143.9520.009.8AAAAaa+26swapsA-J100.7613.009.8AAAAaa+29swapsB30.5910.889.8AAAa2+33swapsC12.6010.009.9AA-Aa3+35swapsD23.398.389.9AA2+41swapsE17.997.139.9A-A3+49swapsF16.196.009.9BBB+Baa1+65swapsG19.794.639.9BBBBaa2+75swapsH16.193.509.9BBB-Baa3NAswapsJ5.403.139.9BB+Ba1NAswapsK5.402.759.9BBBa2NAswapsL5.402.3759.9BB-Ba3NAswapsM1.802.25 B+B1NAswapsN7.201.75 BB2NAswapsO5.401.375 B-B3NAswapsP19.790.00 NRNRNAswapsA-X1,439.46*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $1,439.46 millionBookrunner(s): Credit SuisseLead Managers: Credit SuisseCo-managers: RBS Greenwich Capital, Wachovia SecuritiesB-piece Buyer: ARCap ServicingMaster Servicer: Wachovia BankSpecial Servicer: ARCap ServicingTrustee: Wells FargoOriginators: Credit Suisse (100 percent)Number of Loans/Properties: 193/213Top-10 Concentration: 33.3 ...
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