Deal Name: Four Times Square Trust
FINAL PRICING: Four Times Square Trust, 2006-4TS
ClassAmt$mlnAvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA516.1213.79AAAAAAAaa+33swapsB25.9013.98AA+AA+NR+36swapsC24.1013.98AAAANR+38swapsX566.12*13.58AAAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $566.12 millionBookrunner(s): Lehman Brothers, UBSLead Managers: Lehman Brothers, UBS, Deutsche BankMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: LaSalle BankOriginators: UBSNumber of Loans/Properties: 1/1Property Types: office (100 percent)Largest Loans: $566.12 million piece of ...
Moody’s Upgrades Class of Four Times Square Deal
November 19, 2003Moody's Investors Service has upgraded the $36 million class D of Four Times Square, 2000-4TS, to Baa2 from Ba1, because the expenses that had resulted in shortfalls to the class are not expected to recur.The class had been ...
S&P Downgrades Class D of 4 Times Square to Single-D
September 23, 2003 Standard & Poor's has downgraded the $36 million class D of Four Times Square Trust, 2000-4TS, to single-D from triple-B because it will be hit with a permanent interest loss of $2.7 million.But the downgrade will be ...
CMSA, MBA File Brief Warning of Repercussions of Durst Ruling
July 11, 2003 Commercial Real Estate Direct Staff ReportThe Commercial Mortgage Securities Association and the Mortgage Bankers Association of America have filed briefs with the Supreme Court of the State of New York, supporting Cigna Investments Inc. in its legal ...
Durst and Cigna Seen Splitting Legal Fees Tied to 4 Times Square Insurance Dispute
July 10, 2003 By Rhonda L. Lipschutz, Commercial Real Estate Direct Staff WriterDurst Organization and Cigna Investments, which have been embroiled in a legal battle over terrorism insurance on Manhattan's Conde Nast building, are expected to split the legal fees ...
Legal Expenses Lead to Downgrade of Four Times Square Deal
September 17, 2002 Moody's Investors Service has downgraded the $36 million class D of Four Times Square Trust, 2000-4TS, to Ba1 from Baa2 because servicing and legal expenses exhausted all interest payments that the class was to have received this ...
Durst Wins Another Court Ruling Over Terror Insurance
September 3, 2002 Commercial Real Estate Direct Staff ReportThe Durst Organization, owner of the Cond? Nast Building (Four Times Square) in midtown Manhattan, has staved off a default on the building's mortgage for not acquiring sufficient insurance against terrorism.Cigna Investments, ...
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