Deal Name: JP Morgan Commercial Mortgage Finance Corp
Moody’s Downgrades JPMC 1999-C7, BACM 2006-5, CSFB 2003-CPN1 and CSFB 2004-C1
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes JPMorgan Commercial Mortgage ...
Embassy Suites Near Chicago Turned Over to Lender
Crain's Chicago BusinessFelCor Lodging Trust Inc. has turned over to its lender a 237-room Embassy Suites hotel in suburban Chicago. The property at 1445 Lake Cook Drive in Deerfield, Ill., backs $13.7 million of debt that's securitized through JPMorgan Chase ...
Fitch Downgrades Bonds from 5 CMBS Deals
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 COMM, 2006-CNL2 1,000.0 1,000.0 ...
Fortress Lends $212Mln to Felcor Lodging
Commercial Real Estate Direct Staff ReportFelcor Lodging Trust has lined up a $212 million mortgage on nine of its hotels, refinancing a $210 million mortgage that had been backed by 11 properties.The new loan, provided by affiliates of Fortress Investment ...
Fitch Downgrades 2 Classes of JPMorgan 1999-C8
Fitch Ratings has downgraded two classes of JPMorgan Commercial Mortgage Finance Corp., 1999-C8, due to expected losses from loans in special servicing. Four loans, representing 10 percent of the pool, have been moved to special servicing. The loans are backed ...
Moody’s Upgrades Bonds from 3 CMBS Deals
HTML clipboard Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln Moody's New Rating Moody's Old Rating Reason for Rating Action DLJ Commercial Mortgage Corp., 1998-CF1 105.4 838.8 B-2 14.7 Aaa Aa1 Increased subordination; defeasance (8.5 ...
MOODY’S CMBS UPGRADES
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action COMM 1999-1 1,040.0 1,310.0 E 81.9 Aaa Aa2 Increased subordination; defeasance (40.5 percent of pool) - - - F 19.7 Aa2 A2 - JPMorgan Commercial Mortgage ...
Troubled Suburban Chicago Apartments on Sales Block
Woodfield Gardens, a 692-unit apartment complex in the Chicago suburb of Rolling Meadows, Ill., has been placed on the sales block. The property had been earmarked for a condo conversion, but that plan fell through, and has fallen behind on ...
Fitch Downgrades 1 Class; Upgrades 3 of JPMorgan 2000-C10
Fitch Ratings has downgraded the $1.9 million class M of JPMorgan Commercial Mortgage Finance Corp., 2000-C10, to C from CC because of losses.The rating agency also downgraded the class' distressed recovery rating to DR5, meaning it has a very low ...
FITCH RATINGS CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionDLJ Commercial Mortgage Corp., 2000-CKP1989.51,290.0B-116.1AAAAAIncreased subordination; defeasance (28.4 percent of pool)---B-225.8AA-A----B-312.9A-BBB+-JPMorgan Commercial Mortgage Finance Corp., 2000-C9556.4814.4G14.3AAA+Defeasance (49.3 percent of pool)GE Capital Commercial Mortgage Corp., 2002-1925.01,040.0E10.4AAAAA+Increased subordination; defeasance (13 percent of pool)---F13.0AAAA-----G18.2A+A-
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