Deal Name: GMAC Commercial Mortgage Securities

Standard & Poor's has upgraded three classes of GMAC Commercial Mortgage Securities Inc., 1999-C1, because a substantial portion of the deal's collateral has been defeased, or replaced by government securities. The deal's balance is $1.1 billion, compared with $1.3 billion ...

Fitch Ratings has upgraded three classes of GMAC Commercial Mortgage Securities Inc., 1999-C2, because of improved subordination levels and defeasance.The deal's balance is $818.4 million, compared with $974.5 million at issuance. In addition, 28 loans totaling 27.5 percent of the ...

Commercial Real Estate Direct Staff ReportThe buzz is that Talisman Cos. has completed its purchase of Prime Outlets at Niagara USA, a 533,192-square-foot shopping center in Niagara, N.Y., for just over $60 million.The property backs a $58.5 million mortgage that ...

Moody's Investors Service has downgraded three classes of GMAC Commercial Mortgage Securities Inc., 1999-C3, because of losses from loans in special servicing.The transaction has so far seen $15.3 million of losses, which resulted from the liquidation of five loans. That ...

Fitch Ratings has upgraded the $86.7 million class D of GMAC Commercial Mortgage Securities, 1999-C1, to A+ from A after several loans were defeased or replaced with government securities. The transaction has a balance of $1.1 billion, compared with $1.3 ...

Fitch Ratings has upgraded five classes of GMAC Commercial Mortgage Securities Corp., 1998-C2, because subordination levels have improved.The deal's collateral balance is $2.01 billion, compared with $2.53 billion at issuance. As a result, the transaction's class A-1 has been completely ...

Standard & Poor's has upgraded seven classes of GMAC Commercial Mortgage Corp., 2001-C2, because of improved subordination levels. The deal's balance is $706.7 million, compared with $754.9 million at issuance. Five loans totaling $55.7 million have been defeased or replaced ...

Moody's Investors Service has downgraded the $31.6 million class H of GMAC Commercial Mortgage Securities Inc., 1997-C2, to C from Caa2 because of losses from loans in special servicing.So far, the transaction has seen $38.2 million of losses. Four additional ...

Fitch Ratings has downgraded the $6.6 million class M of GMAC Commercial Mortgage Securities Inc., 2000-C1, to single-C from double-C because of expected losses from loans in special servicing.The deal includes three loans totaling 3.2 percent of the collateral balance ...

Standard & Poor's has placed three classes of GMAC Commercial Mortgage Securities Inc., 1999-CTL1, on creditwatch with positive implications because a large chunk of the deal's collateral is being defeased, improving its credit profile.The rating agency said it expects 24 ...