Facing a November maturity, a $96.5 million securitized mortgage on a portfolio of 38 government-occupied buildings has been shifted to special servicing. The portfolio, owned by Genesis Financial Group, contains 1.1 million square feet that is occupied by a number ...
HTML clipboardFollowing is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln Fitch New Rating Fitch Old Rating Reason for Rating Action Wachovia Bank Commercial Mortgage Trust, 2005-C21 ...
Standard & Poor's has downgraded 10 classes of LB-UBS Commercial Mortgage Trust, 2006-C7, because of potential losses from loans in special servicing and concerns it has with 12 loans that have below break-even debt-service coverage levels. So far, the deal ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-140.0030.003.19AAAAAA+12swapsA-1A427.6230.008.39AAAAAANAswapsA-2624.0030.004.89AAAAAA+22swapsA-AB54.0030.007.12AAAAAA+24swapsA-3968.1430.009.77AAAAAA+25swapsA-M301.9720.009.86AAAAAA+28swapsA-J294.4210.259.89AAAAAA+31swapsB22.659.509.94AA+AA++35swapsC30.208.509.94AAAA+38swapsD30.207.509.94AA-AA-+40swapsE26.426.6259.94A+A++42swapsF26.425.759.94AA+45swapsG26.424.8759.94A-A-+53swapsH30.203.8759.94BBB+BBB++67swapsJ26.423.009.94BBBBBB+80swapsK26.422.1259.94BBB-BBB-+100swapsL7.551.8759.94BB+BB+ swapsM3.781.759.94BBBB swapsN11.321.3759.94BB-BB- swapsP3.781.259.94B+B+ swapsQ3.781.1259.94BB swapsS3.781.0010.48B-B- swapsT30.200.0014.70NRNR swapsX-CL905.90*NA8.52AAAAAA+125TreasX-CP856.12NA5.32AAAAAA+20EX-W2,113.76NA8.52AAAAAA+100Treas*Notional amount, interest onlyCollateral balance: $3,019.66Bookrunner(s): Lehman BrothersLead Managers: Lehman Brothers, UBS Global Asset ManagementCo-managers: KeyBanc Capital Markets, CitigroupB-piece Buyer: LNR Property Co.Master Servicer: Wachovia BankSpecial Servicer: Lennar PartnersTrustee: LaSalle BankOriginators: Lehman Brothers (66.1 percent), UBS (21.1 ...
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