The issuance was more than double the amount floated during the same period a year ago. Wachovia Securities was the most active bookrunner of domestic deals, handling $5.1 billion of transactions.
February 17, 2005 Moody's Investors Service has upgraded 16 classes of iStar Asset Receivables Trust, 2003-1, because of improved subordination levels and an improvement in the collateral's fundamentals.The rating agency upgraded the deal's: – $16.7 million class B to Aaa ...
February 17, 2005Fitch Ratings has placed two classes of Morgan Stanley Dean Witter Capital, 2001-PPM, on rating watch negative because of expected interest shortfalls.The two classes are: – $10.9 million class E, which is rated triple-B-plus and – $4.7 million ...
February 16, 2005 Commercial Real Estate Direct Staff ReportOrix Capital Markets has launched a $741 million collateralized debt obligation backed almost exclusively by CMBS rated double-B-plus and lower. The Dallas company, which had been an active player in the B-piece ...
February 11, 2005 Moody's Investors Service has upgraded seven classes of Washington Mutual Multifamily Mortgage, 2001-1, because subordination levels have improved. The deal's balance is $345.9 million, down from $419 million at issuance. It has suffered no losses and no ...
January 27, 2005 Moody's Investors Service has upgraded three classes of GMAC Commercial Mortgage Asset Corp., 2000-FL-F, because subordination levels have climbed substantially as a result of a paydown in the deal's collateral balance, to $38 million from $277.5 million ...
January 26, 2005 Standard & Poor's has placed seven classes of Morgan Stanley Dean Witter Capital I Trust, 2001-PPM, on its creditwatch list with negative implications because of interest shortfalls. The rating agency said recent shortfalls have totaled $212,000, so ...
January 24, 2005 Commercial Real Estate Direct Staff ReportBanc of America Securities has identified 102 commercial mortgages that have been divided and found their way into multiple securitizations.The investment bank started tracking participation loans in CMBS deals early last year ...
January 21, 2005 Commercial Real Estate Direct Staff ReportDeutsche Bank has issued its first Ginnie Mae project loan securitization.The $283 million transaction, GNR 2005-02, marks the first agency CMBS deal on which Deutsche is bookrunner.The investment bank before last year ...
The investment bank is planning a quarterly series of CMBS deals that would have at least $2 billion of collateral loans each. It has lined up Nomura, LaSalle, PNC and Eurohypo to contribute to its deals.
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