Deal Name: 2006-LDP9

Summit Hotel Properties Inc. has struck a deal to buy four hotels with a total of 685 rooms for $96.5 million. The Austin, Texas, REIT, which went public in 2011, is buying three properties in Southern California with 503 rooms ...

Banyan Street Capital has paid $22 million, or roughly $109/sf, for two office buildings with 201,649 square feet in the Atlanta suburb of Norcross, Ga. The Miami private-equity investor funded its purchase in part with a $14.93 million loan provided ...

Commercial Real Estate Direct Staff Report In order to win a modification of the $375 million CMBS loan against Manhattan's Belnord apartment property, its owner, Extell Development had to agree to inject a total of $30 million of fresh equity ...

The $375 million CMBS loan against the 215-unit Belnord apartment property on Manhattan's Upper West Side has had its interest rate slashed and term extended as part of a modification. But the loan hasn't been split into two pieces. The ...

Commercial Real Estate Direct Staff Report The Belnord, a 215-unit apartment building on Manhattan's Upper West Side, which serves as collateral for a $375 million CMBS loan, has been appraised at a value of $283 million. It originally was appraised ...

Commercial Real Estate Direct Staff Report The $375 million CMBS loan against the Belnord, a 215-unit apartment building in Manhattan, has once again become delinquent. The loan, the largest in the collateral pool of JPMorgan Chase Commercial Mortgage Securities Trust, ...

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 Banc of America ...

Philadelphia Business Journal A $38 million securitized loan against the 287,000-square-foot Seven Penn Center office building in Philadelphia has been restructured. The interest-only mortgage had been securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2006-LDP9, and had matured last November. ...

Commercial Real Estate Direct Staff Report Bank of America Plaza, a 1.3 million-square-foot office building at 600 Peachtree St. NE in Atlanta, which was taken through foreclosure last month, was appraised at a value of $202 million, triggering interest shortfalls ...

Commercial Real Estate Direct Staff Report The $135 million securitized portion of the debt against Discover Mills, a 1.2 million-square-foot shopping center in suburban Atlanta, has matured without being paid off. The loan, which is senior to another $23.7 million ...