February 13, 2004 Standard & Poor's has downgraded seven classes of LB-UBS Commercial Mortgage Trust, 2000-C5, because of expected losses from loans in special servicing.The rating agency downgraded the deal's:– $19.9 million class H to double-B from double-B-plus;– $10 million ...
January 23, 2004 Class Amt ($mln) Sub Level (%) Avg Life (yrs) Rating S&P Rating Moody's Price Talk (bp) Bnch mark A1 153 13.6 3.45 AAA Aaa +16 swaps A2 213 13.6 5.28 AAA Aaa +20 swaps A3 113 13.6 ...
The complex, which is owned by Eaton Vance Management, is being financed with debt that is being provided via the CMBS market. The loan is part of the collateral pool of LB-UBS Commercial Mortgage Trust, 2004-C1, a $1.4 billion conduit.
November 13, 2003 Class Amt ($mln) Sub Level (%) Avg Life (yrs) Rating S&P Rating Moody's Final Pricing (bp) Bnch mark A1 207 14.7 3.69 AAA Aaa +21 Swaps A2 280 14.7 5.27 AAA Aaa +24 Swaps A3 160 14.7 ...
November 7, 2003 Commercial Real Estate Direct Staff ReportLehman Brothers and UBS Securities have launched a $1.4 billion conduit.The deal, LB-UBS Commercial Mortgage Trust, 2003-C8, is backed by 93 mortgages on 103 properties. It's been rated by both Moody's and ...
September 30, 2003 Investcorp was the seller of the Fountains at Waterford Lakes apartment complex in Orlando, Fla., which Bresler & Reiner purchased earlier this month for $35.1 million.Although the purchase was previously reported, the seller was not identified. Investcorp ...
Lehman rejiggered its latest CMBS deal to take advantage of the healthy demand for short-term CMBS. Meanwhile, four additional transactions could price before the month is out.
July 17, 2003 Class Amt ($mln) Sub Level (%) Avg Life (yrs) Rating S&P Rating Fitch Price Talk (bp) Final Pricing (bp) Bnch mark A1 145.0 14.8 3.36 AAA AAA +25 area +25 Swaps A2 503.0 14.8 4.94 AAA AAA ...
Lehman Brothers is including a $160 million portion of the debt on Boston's John Hancock Tower in its upcoming $1.4 billion CMBS transaction. The debt allowed Beacon Capital to buy the building, along with two neighbors, for $910 million.
June 11, 2003 Fitch Ratings has upgraded four classes of Cherry Creek Mall Mortgage Trust, 2000-C1A, because of improved cash flow at the underlying property.The $28.5 million deal is backed by the B-note portion of a $177 million financing on ...
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