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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 New Rating Fitch Old Rating Notes Citigroup Commercial Mortgage Trust, ...
Washington Business Journal Resource America Inc. has sold a 15 percent stake in 1101 Pennsylvania Ave. NW in Washington, D.C., to KanAm Grund for $18.4 million. The asset manager sold the stake in the 218,000-square-foot office property to pay off ...
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action Commercial Mortgage Acceptance Corp.,1997-ML1 110.5 848.5 D 4.2 A1 A2 Increased subordination - - - E 17.0 Baa2 Baa3 -
Moody's Investors Service has upgraded two classes of Commercial Mortgage Acceptance Corp., 1997-ML1, because a large collateral loan backed by a portfolio of Shilo Inns hotels has been resolved at a loss that was smaller than expected. The rating agency ...
Commercial Real Estate Direct Staff ReportTroubled retail REIT Mills Corp. has agreed to be acquired by a joint venture of Simon Property Group and Farallon Group for $1.64 billion. With debt, the deal is valued at $7.9 billion.Simon, a retail ...
The Toronto investment manager has agreed to buy the troubled retail REIT for $21/share plus assumed debt, which would bring the deal's value to $7.5 billion. The transaction brings to an end roughly a year of turmoil at Mills.
Moody's Investors Service has downgraded the $10 million class F-1 of Commercial Mortgage Acceptance Corp., 1997-ML1, to Caa3 from Caa1 because of a decline in the performance of the property to which the class is tied.The class would absorb any ...
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionFirst Union-Lehman Brothers Commercial Mortgage Trust, 1997-C1463.61,300.0F71.8ABBB-Improved subordination levels.---G13.1BBBBB+----H26.1BBB-Commercial Mortgage Acceptance Corp., 1998-C1606.11,192.0E20.9AAAAAImproved subordination levels.--F53.7A-BBB+---G11.9BBB+BBB----H8.9BBBBB+---J14.9BB+BB----K8.9BBB+-
Moody's Investors Service has downgraded the $17.8 million class L of Commercial Mortgage Asset Trust, 1999-C1, to Ca from Caa3 because of losses from loans that have been liquidated.So far, 14 collateral loans have been liquidated, resulting in $37 million ...
Moody's Investor Services has downgraded two classes of Commercial Mortgage Acceptance Corp., 1998-C1, because of losses from loans in special servicing and the poor performance of the deal's largest loan.The rating agency downgraded the deal's:- $11.9 million class L to ...
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