Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action Commercial Mortgage Acceptance Corp.,1997-ML1 110.5 848.5 D 4.2 A1 A2 Increased subordination - - - E 17.0 Baa2 Baa3 -
Moody's Investors Service has upgraded two classes of Commercial Mortgage Acceptance Corp., 1997-ML1, because a large collateral loan backed by a portfolio of Shilo Inns hotels has been resolved at a loss that was smaller than expected. The rating agency ...
Commercial Real Estate Direct Staff ReportTroubled retail REIT Mills Corp. has agreed to be acquired by a joint venture of Simon Property Group and Farallon Group for $1.64 billion. With debt, the deal is valued at $7.9 billion.Simon, a retail ...
The Toronto investment manager has agreed to buy the troubled retail REIT for $21/share plus assumed debt, which would bring the deal's value to $7.5 billion. The transaction brings to an end roughly a year of turmoil at Mills.
Moody's Investors Service has downgraded the $10 million class F-1 of Commercial Mortgage Acceptance Corp., 1997-ML1, to Caa3 from Caa1 because of a decline in the performance of the property to which the class is tied.The class would absorb any ...
Standard & Poor's has upgraded three classes of Commercial Mortgage Acceptance Corp., 1997-ML1, because of improved subordination levels and a high incidence of defeasance. The deal's balance is $597.6 million, compared with $848.5 million at issuance. In addition, 33 percent ...
December 10, 2004 Standard & Poor's has downgraded two classes of Commercial Mortgage Acceptance Corp., 1997-ML1, because most of the remaining collateral loans have declined in performance.The rating agency downgraded the deal's: – $46.7 million class D to triple-B-minus from ...
August 6, 2004 Moody's Investors Service has downgraded the $10 million class F-1 of Commercial Mortgage Acceptance Corp., 1997-ML1, because one of the deal's collateral loans has weakened further since it last reviewed the deal.Moody's last April placed four of ...
April 30, 2004 Moody's Investors Service has downgraded three classes of Commercial Mortgage Acceptance Corp., 1997-ML1, because of the declining performance of two large collateral loans.The rating agency downgraded the deal's:– $10 million class F-1 to B3 from B1;– $40.9 ...
April 7, 2004 Standard & Poor's has placed two classes of Commercial Mortgage Acceptance Corp., 1997-ML1, on its credit watch negative list, because of concerns it has with the performance of several collateral loans.The rating agency placed under review the ...
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