Deal Name: Wachovia Bank Commercial Mortgage Trust

The proposed sale of Mills Corp. will have no immediate impact on the 14 CMBS transactions rated by Fitch Ratings that include as collateral loans on properties owned by the Arlington, Va., REIT.The rating agency said it has identified 13 ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-130.4430.002.86AAAAaa+2swapsA-1A314.3430.009.45AAAAaa+26swapsA-2361.3130.004.95AAAAaa+19swapsA-PB84.2730.007.32AAAAaa+28swapsA-3610.9830.009.76AAAAaa+26swapsA-M200.1920.009.96AAAAaa+31swapsA-J145.1412.759.96AAAAaa+36swapsB17.5211.8759.96AA+Aa1+38swapsC22.5210.759.96AAAa2+39swapsD17.529.8759.96AA-Aa3+41swapsE15.029.1259.96A+A1+48swapsF20.028.1259.96AA2+50swapsG20.027.1259.96A-A3+59swapsH25.025.8759.98BBB+Baa1+80swapsJ32.534.2510.04BBBBaa2+90swapsK20.023.2510.04BBB-Baa3+135swapsL7.512.87510.04BB+Ba1NAswapsM7.512.5010.04BBBa2NAswapsN7.512.12510.04BB-Ba3NAswapsO5.011.87510.04B+B1NAswapsP5.011.62510.04BB2NAswapsQ7.511.2510.04B-B3NAswapsS25.020.0010.79NRNRNAswapsX-C2,001.92*NA8.43AAAAaaNATreasX-P1,935.00*NA5.63AAAAaaNATreas*Notional amount, interest onlyCollateral balance: $2,001.92Bookrunner(s): Wachovia Securities, Nomura SecuritiesLead Managers: Wachovia Securities, Nomura SecuritiesCo-managers: Citigroup, Credit Suisse, JPMorgan ChaseB-piece Buyer: LNR PartnersMaster Servicer: Wachovia BankSpecial Servicer: LNR PartnersTrustee: LaSalle BankOriginators: Wachovia Bank (81.2 percent), Artesia Mortgage ...

Commercial Real Estate Direct Staff ReportAn upcoming conduit from Wachovia Securities has a whopping 29.9 percent concentration in the hotel sector - the most by far of any CMBS conduit transaction in more than five years.The transaction, Wachovia Bank Commercial ...

Standard & Poor's has upgraded six classes of Wachovia Bank Commercial Mortgage Trust, 2003-WHALE2,  because its collateral balance has shrunk substantially.In addition, the property backing the remaining collateral loan has performed well.The deal's balance is $94.5 million, compared with $985.1 ...

The Sitt family has hired Cushman & Wakefield to sell a nine-story office/retail building in Midtown at 24 West 57th St. The roughly 100,000-square-foot property, known as the New York Gallery Building, could trade in the $75 million range.

Commercial Real Estate Direct Staff ReportSix large conduit transactions are in the market, ending a month-long drought of CMBS conduit issuance. Wachovia Bank Commercial Mortgage Trust, 2006-C23, the first of those deals, priced on Friday. The remainder are set to ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-1105.8630.002.69AAAAaa+7swapsA-1A622.2530.009.31AAAAaaNANAA-2137.3130.004.82AAAAaa+21swapsA-362.7130.006.82AAAAaa+34swapsA-PB252.0730.007.55AAAAaa+30swapsA-41,280.7130.009.73AAAAaa+30swapsA-5500.0030.009.86AAAAaaNANAA-M422.9920.009.86AAAAaa+35swapsA-J274.9413.509.88AAAAaa+40swapsB37.0112.639.94AA+Aa1+44swapsC52.8711.389.94AAAa2+46swapsD37.0110.509.94AA-Aa3+49swapsE31.729.759.94A+A1+56swapsF42.308.759.94AA2+60swapsG52.877.50NAA-A3NAswapsH52.876.25NABBB+Baa1NAswapsJ58.164.88NABBBBaa2+125swapsK52.873.63NABBB-Baa3+175swapsL10.573.38NABB+Ba1NAswapsM21.152.88NABBBa2NAswapsN15.862.50NABB-Ba3NAswapsO10.572.25NAB+B1NAswapsP15.861.88NABB2NAswapsQ15.861.50NAB-B3NAswapsS63.450.00NANANANAswapsX-P4,069.64NANAAAAAaaNATreas.X-C4,229.85NANAAAAAaaNATreas.*Notional amount, interest onlyCollateral balance: $4,229.85 million Bookrunner(s): Wachovia Capital Markets, Nomura SecuritiesLead Managers: Wachovia Capital Markets, Nomura SecuritiesCo-managers: Banc of America Securities, Deutsche Bank, Goldman Sachs and J.P. Morgan SecuritiesB-piece Buyer: American Capital StrategiesMaster Servicer: Wachovia ...

Moody's Investors Service has upgraded seven classes of Wachovia Bank Commercial Mortgage Trust, 2002-C1, because several loans have been defeased, or replaced with government securities.The deal has a remaining balance of $909.5 million, down 4.3 percent from $950 million at ...

Moody's Investors Service has downgraded the $39.18 million class PP from Wachovia Bank Commercial Mortgage, 2004-C14, because of declining credit from the loan's sponsor. Park Place Mall in Tucson, Ariz. serves as the deal's largest loan with a $146.90 million ...

Moody's Investors Service has upgraded seven classes of Wachovia Bank Commercial Mortgage Trust, 2002-C2, because of increased credit support levels.The deal's balance has decreased 4.8 percent to $833.5 million from $875.1 million at issuance. Five loans totaling 4.5 percent of ...