Deal Name: CMBS Deal - General
Fitch Upgrades Penn Mutual Life, 1996-PML
June 6, 2001 NEW YORK – Fitch has upgraded Penn Mutual Life Insurance Co., 1996-PML, because the prepayment of three loans has resulted in an increase in subordination levels.The rating agency upgraded the deal's following classes: – $31.3 million class ...
Australian CMBS Deal Out
May 25, 2001 Commercial Real Estate DirectAn Australian property company is floating A$500 million (US$258.6 million) of CMBS.Westpac Banking Corp. and ANZ Banking Group are co-lead managing the transaction on behalf of Mirvac Group, with collateral comprised of 25 modern, ...
S&P Raises iStar Asset Receivables Trust, 2000-1
May 22, 2001NEW YORK - Standard & Poor's has raised its rating on iStar Asset Receivables Trust, 2001-1 Class B to triple-A from double-A. The deals other class has been affirmed.The raised rating is due to an increase in credit ...
S&P Raises Ratings on Midland Realty Acceptance Corp., 1996-C1
May 22, 2001 NEW YORK - Standard & Poor's has raised its ratings on four classes of Midland Realty Acceptance Corp.'s commercial mortgage pass-through certificates series 1996-C1.The ratings on three other classes are affirmed.The ratings are as follows: class B ...
FINAL PRICING: $215 Mln Banc of America Large Loan, Series 2001-1166
May 22, 2001 Priced May 17. Collateral is a $215 million first mortgage on nine floors of the 44-story 1166 Avenue of the Americas building in Midtown Manhattan. Class Amount ($mln) Rating Fitch Rating Moody's Avg. Life Pricetalk Priced Benchmark ...
Teachers Floating $1.46Bln Resecuritization
Teachers is retaining about $858 million of the collateral in the new trust. The seasoned loan deal is the largest securitized commercial mortgage offering of the year so far.
1633 Broadway Trust Certificates Upgraded By Fitch
May 18, 2001 NEW YORK – Fitch has upgraded four classes in 1633 Broadway Trust.The ratings are as follows: the $54.2 million class A-1 and the $44.3 million class A-2 were upgraded to single-A from triple-B-plus; the $15 million class ...
Italian NPLs Comprise European Securitization
May 16, 2001Commercial Real Estate Direct Staff ReportA batch of non-performing loans brought together by Italian banks forms the collateral for a new 750 million euro ($663 million) securitization called Trevi Finance No. 3 S.r.l.Trevi is a special-purpose, limited-liability firm ...
Allied Circles B-piece on Upcoming Greenwich-Salomon Conduit
May 16, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterWashington, D.C.-based Allied Capital has agreed to buy the junior bonds of an upcoming $1 billion CMBS conduit deal from Greenwich Capital Markets and Salomon Smith Barney, market ...
Fitch Upgrades SFSC Grantor Trust 1997-1
May 16, 2001 NEW YORK - Fitch has upgraded two classes of SFSC Grantor Trust's 1997-1 pass-through certificates.The $48 million class A-1 was upgraded to double-A-plus from double-A, and the $5.3 million class A-2 was upgraded to single-A-plus from single-A.The ...
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