Deal Name: Chase Commercial Mortgage Securities Corp
Va. Mall Debt in Default, Moved to Special Servicer
Citybizlist A $34.7 million loan on the Apple Blossom Mall, a 442,000-square-foot retail property in Winchester, Va., is in default, according to Fitch Ratings. The debt, which was securitized through Chase Commercial Mortgage Securities Corp., 1999-2., has been placed with ...
Fitch Upgrades Bonds from 1 CMBS Deal
Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln Fitch New Rating Fitch Old Rating Reason for Rating Action Chase Commercial Mortgage Securities Corp., 1998-2 646.2 1,270.0 D 72.9 AAA AA+ Increased subordination; defeasance (29 percent ...
Moody’s Downgrades 1 Class, Upgrades 3 of Chase Commercial 1998-1
Moody's Investors Service had downgraded the $4.1 million class I of Chase Commercial Mortgage Securities Corp., 1998-1, to Caa2 from Caa1 because of losses from a loan in special servicing. Two loans have been liquidated from the pool, resulting in ...
FITCH CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionBear Stearns Commercial Mortgage Securities Inc., 2003-PWR21,010.01,070.0B26.7AAAAA+Increased subordination; defeasance (9.4 percent of pool---D9.3A+A-Chase Commercial Mortgage Securities Corp., 1998-21,000.01,270.0D72.9AA+AAIncreased subordination; defeasance (16.2 percent of pool)---E19.0AA-A+----F57.1BBB-BB+----G12.7BB+BB-
S&P CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionChase Commercial Mortgage Securities Corp., 1996-246.2262.0D13.1AAAAA-Increased subordination; stable pool performance---E5.2AA+AA--
S&P Upgrades 3 Classes of Chase 1998-2
Standard & Poor's has upgraded three classes of Chase Commercial Mortgage Securities Corp., 1998-2, because of improved subordination levels and defeasance.The deal's balance is $1.024 billion, compared with $1.268 billion at issuance. In addition, 14 percent of the deal has ...
S&P Upgrades 2 Classes of Chase 1998-1
Standard & Poor's has upgraded two classes of Chase Commercial Mortgage Securities Corp., 1998-1, because of improved subordination levels. The deal's balance is $550.1 million, compared with $817.9 million at issuance. In addition, two loans totaling $18.5 million have been ...
S&P Downgrades 1, Upgrades 4 Classes of Chase 1997-1
Standard & Poor's has downgraded the $8 million class H from Chase Commercial Mortgage Securities Corp., 1997-1, to CCC from B- because of anticipated losses. So far, the deal has seen six loans get liquidated at losses totaling $13.6 million. ...
S&P Upgrades 5 Classes of Chase 2000-3
Standard & Poor's has upgraded five classes of Chase Commercial Mortgage Securities Corp., 2000-3, because significant portions of the deal have been defeased or replaced with government securities. The deal has a remaining balance of $682.1 million, down from $767.5 ...
Fitch Upgrades Bonds from Chase 1996-2 and Morgan Stanley 1996-WF1
Fitch has upgraded two classes of Chase Commercial Mortgage Securities Corp., 1996-2, and two classes of Morgan Stanley Capital Inc., 1996-WF1, because of improved subordination levels.The rating agency upgraded the following classes from the Chase 1996-2 deal:- $13.1 million class ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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