Bank of America has provided $30 million of financing against the 324-room Crowne Plaza Dulles Airport Hotel in suburban Washington, D.C. The loan, which the bank plans to securitize, was arranged by Phillips Realty Capital of Bethesda, Md. The collateral ...
Commercial Real Estate Direct Staff Report The $415 million mortgage that Deutsche Bank wrote against Chicago's 2.3 million-square-foot Prudential Plaza office complex pays a coupon of 4.61 percent and has a 10-year term. It requires only interest payments for ...
Deutsche Bank has provided $415 million of financing against Prudential Plaza, a two-building office complex with 2.2 million square feet in downtown Chicago. The 10-year loan was used to refinance a portion of a CMBS loan that had been modified ...
Commercial Real Estate Direct Staff Report An $83 million CMBS loan against a portfolio of industrial properties with 1.6 million square feet has once again transferred to special servicing because it's expected to default. The loan, commonly referred to as ...
Commercial Real Estate Direct Staff Report The $410 million of securitized debt against Chicago's 2.2 million-square-foot Prudential Plaza has been transferred to special servicing because it's expected to default. The debt is split into two equal parts that were securitized ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-137.9430.002.92AAAAaa+6swapsA-1A368.4730.008.89AAAAaaNAswapsA-255.7430.004.89AAAAaa+16swapsA-3FL100.0030.006.81AAAAaa+16LiborA-3B171.9730.006.72AAAAaa+29swapsA-4695.0130.009.76AAAAaa+24swapsA-SB74.0830.007.26AAAAaa+23swapsA-M214.7420.009.88AAAAaa+28swapsA-J169.1112.1259.89AAAAaa+31swapsB40.2610.259.92AAAa2+36swapsC16.119.509.98AA-Aa3+39swapsD29.538.1259.98AA2+46swapsE26.846.8759.98A-A3+53swapsF29.535.509.98BBB+Baa1+67swapsG26.844.259.98BBBBaa2+77swapsH24.163.1259.98BBB-Baa3+108swapsJ5.372.875 BB+Ba1-swapsK10.742.375 BBBa2-swapsL8.052.00 BB-Ba3-swapsM2.681.875 B+B1-swapsN5.371.625 BB2-swapsP5.371.375 B-B3-swapsNR29.53NA NRNR-swapsX-12,147.43*NA8.66AAAAaa-TreasX-22,115.34*NA5.63AAAAaa-Treas*Notional amount, interest onlyCollateral balance: $2,147.43 millionBookrunner(s): JPMorgan SecuritiesLead Managers: JPMorgan Securities, CIBC World MarketsCo-managers: Wachovia Capital MarketsB-piece Buyer: Anthracite Capital Inc.Master Servicer: Capmark Finance Inc.Special Servicer: Midland Loan ServicesTrustee: Wells Fargo BankOriginators: JPMorgan Chase (62.5 percent), ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
