Deal Name: Series 1996-1
Recapitalization of Courtyard by Marriott Portfolio Calls for Big Debt
Sarofim Realty Advisors is buying a substantial stake in a portfolio of Courtyard by Marriott hotels in a deal calling for up to $550 million of fresh senior debt. Proceeds will pay off $261 million of securitized debt.
Fitch Upgrades 3 Classes of LTC 1996-1
October 5, 2004 Fitch Ratings has upgraded three classes of LTC REMIC Corp., 1996-1, because subordination levels have improved. The rating agency upgraded the deal's:– $7.6 million class C to triple-A from single-A; – $5.1 million class D to triple-A ...
Fitch Upgrades Bonds from 3 CMBS Deals
March 30, 2004 Fitch Ratings today upgraded classes from three CMBS deals because subordination levels have improved substantially since issuance.The rating agency upgraded the $6.8 million class G of Morgan Stanley Capital Inc., 1997-LB1, to double-A from single-A, while upgrading ...
Fitch Upgrades 2 Classes of Chase 1996-1
March 25, 2004 Fitch Ratings has upgraded two classes of Chase Commercial Mortgage Securities Corp., 1996-1, because subordination levels have increased.The rating agency upgraded the deal's:– $15.5 million class D to triple-A from double-A; and– $11.1 million class E to ...
Fitch Upgrades 3 Classes of Chase 1996-1
February 24, 2004 Fitch Ratings has upgraded three classes of Chase Commercial Mortgage Securities Corp., 1996-1, because subordination levels have increased as a result of loan payoffs and amortization.The agency upgraded the deal's:– $22.2 million class C to triple-A from ...
Fitch Upgrades 2 Classes of LTC Commercial Mortgage 1996-1
December 3, 2003 Fitch Ratings has upgraded two classes of LTC Commercial Mortgage, 1996-1, due to an increase in credit enhancement levels following loan payoffs and amortization.The rating agency upgraded the $8.7 million class B to triple-A from double-A and ...
S&P Upgrades 4 Classes of NationsLink 1996-C1
September 16, 2003 Standard & Poor's has upgraded four classes of NationsLink Funding Corp., 1996-C1, because subordination levels have increased as a result of loan payoffs.The rating agency upgraded the deal's:– $15 million class C to triple-A from double-A-plus;– $17.7 ...
Fitch Upgrades 5 Classes of NationsLink 1996-1
August 6, 2003 Fitch Ratings has upgraded five classes of NationsLink Funding Corp., 1996-1, because of the substantial paydown and strong performance of the collateral pool.The deal's pool balance has shrunk to $84.5 million from $322.6 million at issuance.The rating ...
Fitch Upgrades 2 Classes of Chase Commercial 1996-1
July 7, 2003 Fitch Ratings has upgraded two classes of Chase Commercial Mortgage Securities Corp., 1996-1, because loan payoffs and amortization have resulted in increased subordination levels.The rating agency upgraded the deal's:– $22.2 million class C to double-A-plus from double-A; ...
Fitch Upgrades 3 Classes of Chase 1996-1
September 9, 2002 CHICAGO – Fitch Ratings has upgraded three classes of Chase, 1996-1, because of increased credit enhancement as a result of prepayments and a strong pool performance.Fitch upgraded the:– $22.2 million class C to double-A from double-A-minus;– $15.5 ...
About
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.
Subscribe to our Weekly Newsletter!
