Deal Name: 2006-IQ12

Commercial Real Estate Direct Staff Report Another CMBS transaction has had interest shortfalls hit its AJ class, which was originally rated AAA. That brings the count of deals to have gotten hit so high up in the capital stack to ...

Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes COMM, 2006-C7     ...

Commercial Real Estate Direct Staff ReportAshford Hospitality Trust is offering for sale three of its full-service hotels - the 338-room JW Marriott in San Francisco, the 446-room Rye Town Hilton in Rye, N.Y., and the 428-room Hilton El Conquistador and ...

Commercial Real Estate Direct Staff ReportCMBS special servicers last month liquidated $762.9 million of loans, topping the previous monthly record of $740.5 million set only in April, according to Realpoint.Since the beginning of the year, special servicers have liquidated $3.4 ...

Commercial Real Estate Direct Staff ReportAshford Hospitality Trust Inc. said it is working to turn over the 525-room Westin O'Hare hotel to Centerline Servicing, special servicer of a $101 million mortgage on the property.The Dallas hotel REIT last November said ...

Crain's Chicago BusinessA $22.5 million loan that is backed by the Four Points by Sheraton Chicago O'Hare Airport hotel has been moved to special servicing after missing its December payment, according to Bloomberg. The loan is securitized through Bear Stearns ...

Commercial Real Estate Direct Staff ReportAshford Hospitality Trust Inc. said it is prepared to default on a $101 million mortgage on the Westin O'Hare hotel in Chicago.The loan doesn't come due until 2016, but the 525-room property has seen a ...

Crain's Chicago BusinessAshford Hospitality is in danger of defaulting on a $101 million loan that is backed by the 525-room Westin O'Hare hotel in suburban Chicago. The Dallas REIT had acquired the property in November 2006 for $125 million and ...

Fitch Ratings has downgraded 10 classes - including the AA- class - of Morgan Stanley Capital I, 2006-IQ12, because of expected losses from loans in special servicing.One of the classes was downgraded by six notches, making the rating action one ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-155.4030.002.99AAAAAA+16swapsA-1A530.3530.008.61AAAAAANAswapsA-270.2030.004.82AAAAAA+19swapsA-NM+225.0030.004.84AAAAAA+35 swapsA-344.5030.006.58AAAAAA+30swapsA-AB88.2030.007.22AAAAAA+25swapsA-4897.5730.009.80AAAAAA+23.5swapsA-M173.0320.009.98AAAAAA+27swapsAM-FL100.0020.009.98AAAAAANALiborA-J242.3111.1259.98AAAAAA+30swapsB17.0710.509.98AA+AA++37swapsC44.378.8759.98AAAA+39swapsD27.307.8759.98AA-AA-+43swapsE13.657.3759.98A+A++44swapsF23.896.509.98AA+46swapsG23.895.6259.98A-A-+50swapsH27.304.6259.98BBB+BBB++67swapsJ27.303.6259.98BBBBBB+77swapsK34.132.3759.98BBB-BBB-+100swapsL3.412.259.98BB+BB+NAswapsM6.832.009.98BBBBNAswapsN13.651.509.98BB-BB-NAswapsO3.411.375NAB+B+NAswapsP6.831.125NABBNAswapsQ10.240.75NAB-B-NAswapsS20.480.00NANRNRNAswapsX-11,365.20*NANAAAAAAA+140TreasX-21,339.50*NANAAAAAAA+75TreasX-W1,365.20*NANAAAAAAA+90Treas+ Bond classes senior to the deal's A-NM class will receive distributions of principal from the Natick Mall loan only after the A-NM bond class is retired.*Notional amount, interest onlyCollateral balance: $2,730.31Bookrunner(s): Morgan StanleyLead Managers: Morgan Stanley, ...