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Fitch Ratings has downgraded the $48.2 million class M of Merrill Lynch Floating Trust, 2006-1, due to low leasing activity and the upcoming maturity of a $180 million loan tied to The Portals III, a 506,608-square-foot office building in Washington, ...
Moody's Investors Service has downgraded three classes of Merrill Lynch Mortgage Trust, 2006-C2, due to a decline in the deal's overall performance. A total of 30 loans with a balance comprising 25.4 percent of the collateral pool are on the ...
Standard & Poor's has downgraded three classes of Merrill Lynch Mortgage Trust 2005-MCP1, because of an increase in the probability of default for several large collateral loans. The rating agency downgraded the deal's: - $4.3 million class M to B ...
Standard & Poor's has downgraded five classes of Merrill Lynch Mortgage Trust, 2003-KEY1. Four of the five classes were downgraded because of the poor performance of a loan collateralizing 77 West Wacker Drive in Chicago, while the other was downgraded ...
At least $688.5 million of securitized loans backed by Texas apartment properties owned by affiliates of MBS Cos. have gone delinquent. That is expected to increase overall CMBS delinquency levels substantially in the months to come.
MetLife Real Estate Investments, New York State Teachers Retirement System and GE Pension Trust have provided $500 million of fixed-rate financing for 32 Old Slip, a 1.1 million-square-foot office building in lower Manhattan. The five-year financing was arranged by Holliday ...
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln FitchNewRating FitchOldRating Reason for Rating Action Merrill Lynch Mortgage Trust, 2004-BPC1 1,210.0 1,240.0 C 12.4 AA AA- Defeasance (9.7 percent of pool) - - - D 18.6 A+ A - - - ...
Goldman Sachs has agreed to provide $130 million of mortgage debt for 10 hotels owned by Lodgian Inc., allowing the Atlanta hotelier to refinance some of the debt that Merrill Lynch had provided three years ago.The debt has a two-year ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-146.5730.002.84AAAAaa+4swapsA-1A393.2030.009.49AAAAaaNAswapsA-295.0030.007.42AAAAaa+28swapsA-3110.0030.009.68AAAAaa+34swapsA-4435.1230.009.86AAAAaa+24swapsA-M154.2720.009.94AAAAaa+28swapsA-J109.9212.8759.99AAAAaa+30swapsB30.8510.8759.99AAAa2+35swapsC15.439.8759.99AA-Aa3+37swapsD27.008.1259.99AA2+44swapsE17.367.009.99A-A3+48swapsF25.075.3759.99BBB+Baa1+70swapsG15.434.3759.99BBBBaa2+80swapsH15.433.3759.99BBB-Baa3+110swapsJ9.642.759.99BB+Ba1NAswapsK3.862.509.99BBBa2NAswapsL5.792.1259.99BB-Ba3NAswapsM3.861.8759.99B+B1NAswapsN3.861.6259.99BB2NAswapsP3.861.3759.99B-B3NAswapsQ21.210.0011.99NRNRNAswapsX1,542.70NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $1,542.70 millionBookrunner(s): Merrill LynchLead Managers: Merrill LynchCo-managers: Ixis Securities, Goldman Sachs, Morgan StanleyB-piece Buyer: JER PartnersMaster Servicer: Wachovia Bank/Prudential Asset ResourcesSpecial Servicer: JE Robert Cos.Trustee: LaSalle BankOriginators: Merrill Lynch (34.46 percent), Ixis ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA191.5530.002.68AAAAAA+3swapsA2380.4430.004.82AAAAAA+13swapsA3134.0030.006.32AAAAAA+26swapsA3B25.0030.006.872AAAAAA+26swapsASB113.9030.007.28AAAAAA+22swapsA4757.1530.009.69AAAAAA+22swapsA1A244.6530.008.93AAAAAA+22swapsAM248.9820.009.85AAAAAA+26swapsAJ217.8611.259.88AAAAAA+29swapsB56.029.009.91AAAA+34swapsC28.017.889.96AA-AA-+36swapsD31.126.639.96AA+44swapsE18.675.889.96A-A-+52swapsF28.014.759.96BBB+BBB++65swapsG21.793.889.96BBBBBB+75swapsH24.902.889.96BBB-BBB-+115swapsJ6.242.639.96BB+BB+NAswapsK9.362.259.96BBBBNAswapsL6.242.009.96BB-BB-NAswapsM6.241.759.96B+B+NAswapsN6.241.509.96BBNAswapsP6.241.259.96B-B-NAswapsQ31.200.0010.11NRNRNAswapsX2,495.93*NA8.36AAAAAANATreas*Notional amount, interest only Collateral balance: $2,495.93 millionBookrunner(s): Merrill LynchLead Managers: Merrill Lynch, LaSalle Financial ServicesCo-managers: PNC Capital Markets, Goldman Sachs, Morgan StanleyB-piece Buyer: American Capital StrategiesMaster Servicer: Wells Fargo Bank, Midland Loan ServicesSpecial Servicer: Midland Loan ...
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