Deal Name: LB-UBS Commercial Mortgage Trust 2006-C3

By Jeff Mordock, Commercial Real Estate Direct Staff WriterPEM Real Estate Group is selling two Phoenix-area apartment properties for a combined $56 million and is seeking to sell six more for $150 million. The Phoenix developer, led by Paul Mashni, ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-140.0030.002.87AAAAaa+3swapsA-2122.0030.004.86AAAAaa+14swapsA-318.0030.006.78AAAAaa+30swapsA-AB61.0030.007.17AAAAaa+25swapsA-4531.3030.009.69AAAAaa+25swapsA-1A415.9030.008.19AAAAaaNAswapsA-M169.7420.009.85AAAAaa+30swapsA-J103.9713.8759.93AAAAaa+33swapsB14.8513.009.93AA+Aa1+35swapsC23.3411.6259.93AAAa2+36swapsD16.9710.6259.93AA-Aa3+38swapsE12.739.8759.93A+A1+43swapsF21.228.6259.93AA2+45swapsG23.347.259.93A-A3+54swapsH16.976.259.94BBB+Baa1+75swapsJ21.225.0010.01BBBBaa2+85swapsK19.103.87510.01BBB-Baa3+125swapsL8.493.37510.01BB+B1NAswapsM8.492.87510.01BBB2NAswapsN8.492.37510.01BB-B3NAswapsP6.372.0010.01B+NRNAswapsQ6.371.62510.01BNRNAswapsS4.241.37510.01B-NRNAswapsT23.340.0011.35NRNRNAswapsX-CP1,535.22*NA5.66AAAAaa+25TreasX-CL1,697.44*NA8.78AAAAaa+175Treas*Notional amount, interest onlyCollateral balance: $1,697.44Bookrunner(s): Lehman BrothersLead Managers: Lehman Brothers, UBS SecuritiesB-piece Buyer: CWCapitalMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: LaSalle BankOriginators: Lehman Brothers (55 percent), UBS (45 percent)Number of Loans/Properties: 123/138Top-10 Concentration: 44.5 percentUnderwritten DSCR: 1.32xUnderwritten ...