The potential for large losses from specially serviced loans has prompted Fitch Ratings to downgrade classes of two CMBS deals involving loans originated by Hometown Commercial Capital Inc.The two deals are Hometown Commercial Capital Trust, 2006-1, and Hometown Commercial Capital ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA125.6915.755.91AAAAAA+42swapsB3.3613.509.77AAAA+50swapsC1.6812.3759.83AA-AA-+55swapsD3.1710.259.86AA+60swapsE4.297.3759.91BBB+BBB++85swapsF1.496.3759.95BBBBBB+95swapsG1.875.1259.95BBB-BBB-+110swapsH1.124.3759.95BB+BB+NAswapsJ0.564.009.95BBBBNAswapsK0.753.509.95BB-BB-NAswapsL0.373.259.95B+B+NAswapsM0.562.8759.95BBNAswapsN0.562.509.95B-B-NAswapsO3.730.009.95NRNRNAswapsX141.55*NA6.35AAAAAANATreas*Notional amount, interest onlyCollateral balance: $149.19 millionBookrunner(s): RBS Greenwich CapitalLead Managers: RBS Greenwich CapitaMaster Servicer: Midland Loan ServicesSpecial Servicer: Midland Loan ServicesTrustee: LaSalle BankOriginators: Hometown Commercial Capital Inc. (100 percent)Number of Loans/Properties: 45/49Top-10 Concentration: 47.3 percentUnderwritten DSCR: ...
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