Deal Name: 2007-GG9

Standard & Poor's has downgraded five classes of Greenwich Capital Commercial Funding Corp., 2007-GG9, due to credit concerns it has with a $15.2 million loan that is in special servicing.The loan backs a 164,034-square-foot office property in Clifton, N.J. It ...

Deutsche Bank and Citigroup launched a $6.6 billion CMBS transaction, which would make it the largest ever, just eclipsing a recent deal led by RBS Greenwich Capital and Goldman Sachs. The deal's three largest loans total $1.1 billion.

Commercial Real Estate Direct Staff ReportThe largest domestic CMBS deal ever priced today at tight spreads.The transaction, Greenwich Capital Commercial Funding Corp., 2007-GG9, comes in the middle of what is expected to be an extremely busy few weeks of CMBS ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sRatingsFitchFinalPricing (bp)BnchmarkA-184.0030.003.19AAAAaaAAA+13swapsA-1A493.4930.007.99AAAAaaAAANAswapsA-21,180.0830.004.92AAAAaaAAA+18swapsA-385.9930.006.87AAAAaaAAA+25swapsA-AB88.0030.007.54AAAAaaAAA+24swapsA-42,671.6030.009.77AAAAaaAAA+22swapsA-M557.5920.009.91AAAAaaAAA+25swapsAM-FL100.0020.009.91AAAAaaAAA+16.50LiborA-J575.3911.259.92AAAAaaAAA+28swapsB32.8810.759.92AA+Aa1AA++31swapsC98.649.259.92AAAa2AA+33swapsD41.108.6259.92AA-Aa3AA-+36swapsE41.108.009.92A+A1A++39swapsF57.547.1259.92AA2A+41swapsG57.546.259.92A-A3A-+44swapsH82.195.009.92BBB+Baa1BBB++58swapsJ65.764.009.92BBBBaa2BBB+65swapsK65.763.009.92BBB-Baa3BBB-+83swapsL32.882.509.92BB+Ba1BB+NAswapsM16.442.259.92BBBa2BBNAswapsN24.661.8759.92BB-Ba3BB-NAswapsO16.441.6259.92B+B1B+NAswapsP16.441.3759.96BB2BNAswapsQ8.221.2510.01B-B3B-NAswapsS82.200.0010.01NRNRNRNATreasXPNA*NANAAAAAaaAAANATreasXC6,575.92*NANAAAAAaaAAANATreas*Notional amount, interest onlyCollateral balance: $6,575.92 millionBookrunner(s): RBS Greenwich Capital, Goldman SachsLead Managers: RBS Greenwich Capital, Goldman SachsCo-managers: Banc of America Securities, Credit Suisse, Morgan Stanley, Wachovia SecuritiesB-piece Buyer: LNR PartnersMaster Servicer: Wachovia BankSpecial Servicer: LNR PartnersTrustee: ...