Standard & Poor's has downgraded two classes of Lehman Brothers Floating-Rate Commercial Mortgage Trust, 2006-CCL C2, because of interest shortfalls stemming from the loan they are tied to. The rating agency said special servicing fees related to a $16.1 million ...
Fitch Ratings has placed two classes of Lehman Brothers Floating-Rate Commercial Mortgage Trust, 2006-CCL-C2, on rating watch negative because a collateral loan has been transferred to special servicing, which could ultimately result in interest shortfalls. The rating agency said an ...
Fitch Ratings has downgraded three classes of Lehman Brothers Floating-Rate Commercial Mortgage Trust, 2006-CCL C2, which it had placed under review last month. The rating agency downgraded the deal's: - $26.8 million class M to BB+ from BBB-, - $1 ...
A total of $16.2 million of securitized debt backed by a proposed residential condominium conversion outside of Las Vegas has defaulted. That has resulted in Standard & Poor's placing under review two classes of the CMBS transaction that holds the ...
Fitch Ratings has placed three classes of Lehman Brothers Floating-Rate Commercial Mortgage Trust, 2006-CCL C2, on rating watch negative because one of the deal's six remaining collateral loans has been moved to special servicing. The loan, with a balance of ...
Moody's Investors Service has downgraded three classes of Lehman Brothers Floating Rate Commercial Mortgage Trust, 2006-CCL C2, because of the weak performance of four collateral loans. The rating agency said the properties securing the loans, all condominium conversion projects, are ...
Moody's Investors Service has downgraded the $26.8 million class M of Lehman Brothers Floating-Rate Commercial Mortgage Trust, 2006-CCL C2, to Ba2 from Baa3, and placed it and two other classes under review for additional downgrades. The rating action is due ...
Moody's Investors Service has placed the Baa3 rating of the $26.8 million class M of Lehman Brothers Floating Rate Commercial Mortgage Trust, 2006-CCL C2, under review for possible downgrade because of the weak performance of two collateral assets.The two loans, ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-1470.7947.140.51AAAAAAAaa+17LiborA-2156.9429.521.00AAAAAAAaa+26LiborB32.0825.911.16AA+AAAAaa+32LiborC31.1822.411.24AAAAAAaa+40LiborD20.7920.081.31AA-AA+Aa1+45LiborE26.2717.131.37NRAAAa2+51LiborF22.2614.631.48NRAA-Aa3+58LiborG22.2612.131.58NRA+A1+65LiborH21.159.751.69NRAA2+72LiborJ21.157.381.81NRA-A3+88LiborK20.035.131.95NRBBB+Baa1+135LiborL18.923.012.10NRBBBBaa2+195LiborM26.780.002.28NRBBB-Baa3+300Libor*Notional amount, interest onlyCollateral balance: $890.60 millionBookrunner(s): Lehman BrothersLead Managers: Lehman BrothersCo-managers: Deutsche BankMaster Servicer: Wachovia BankSpecial Servicer: TriMont Real Estate AdvisorsTrustee: LaSalle BankOriginators: Lehman Brothers (100 percent)Number of Loans/Properties: 16/18Property Types: Multifamily - condo conversions (100 ...
Moody's Investors Service has downgraded the $26.8 million class M of Lehman Brothers Floating-Rate Commercial Mortgage Trust, 2006-CCL C2, to Ba2 from Baa3, and placed it and two other classes under review for additional downgrades.The rating action is due to ...
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