Deal Name: Series 1997-D5

Wells Fargo Bank has provided an $82 million loan for the 1.4 million-square-foot Dayton Mall in Dayton, Ohio. A portion of the loan proceeds were used to repay an existing $50 million mortgage that matures in October. That loan, provided ...

KeyBank has provided $50 million of mortgage financing for the Dayton Mall, a 1.4 million-square-foot shopping center in Dayton, Ohio, that is owned by an affiliate of Glimcher Realty Trust. The loan retires a $49.8 million mortgage against 663,286 sf ...

Saul Centers plans to pay off a securitized loan that had been backed by a pool of nine shopping centers, mostly in the Baltimore area, according to Citybizlist. The Bethesda, Md., REIT plans to refinance just one of the centers, ...

The recent settlement of a troubled $44.9 million mortgage that was securitized via Asset Securitization Corp., 1997-D5, has prompted Standard & Poor's to upgrade seven of the deal's bond classes.The rating agency earlier this month had placed three of the ...

Commercial Real Estate Direct Staff ReportNomura Securities has agreed to pay $67.5 million to settle litigation surrounding a delinquent mortgage that was securitized via Asset Securitization Corp., 1997-D5.While the amount is substantially more than the loan's $44.6 million balance, it ...

Lawsuits over a long-delinquent $44.9 million mortgage that was securitized via Asset Securitization Corp., 1997-D5, have been settled. The loan, backed by the shuttered Doctor's Hospital, has been the subject of numerous lawsuits involving the deal's trustee, Nomura Securities and ...

October 25, 2004 Commercial Real Estate Direct Staff ReportLaSalle Bank, trustee for Asset Securitization Corp., 1997-D5, has appealed a District Court's decision denying its motion for summary judgment against Nomura Securities.As reported, the District Court last month rejected an effort ...

Orix Capital Markets was hit with a setback in its quest to get Nomura Securities to buy back a defaulted $44.6 million loan that was securitized through Asset Securitization Corp., 1997-D5. An appeal is expected.

July 22, 2004 Fitch Ratings has downgraded the $39.5 million class A-5 of Asset Securitization Corp., 1997-D5, to single-B-plus from double-B, because of expected losses from loans in special servicing.The rating agency affirmed the other classes it rates, and left ...

July 20, 2004 Moody's Investors Service has upgraded two classes of Asset Securitization Corp., 1997-D5, because of improved subordination levels.The rating agency upgraded the deal's:– $52.6 million class A-1E to Aaa from Aa1; and– $87.7 million class A-2 to Aa3 ...