Subject: CMBS Rating Downgrade (DOWNG)

Moody's Investors Service expects the resolution of at least one of two loans remaining in the collateral pool for COMM, 2012-CCRE3, to result in losses that have prompted it to downgrade four of the deal's remaining bond classes. It downgraded ...

Commercial Real Estate Direct Staff Report The $99 million CMBS loan against the 247,183-square-foot office building at 1140 Ave. of the Americas in midtown Manhattan could suffer a loss of 28 percent, or $27.72 million, according to analysis by Fitch ...

Commercial Real Estate Direct Staff Report Expected losses from three loans in the collateral pool of Citigroup Commercial Mortgage Trust, 2016-P5 have prompted Fitch Ratings to downgrade three of the deal's bond classes. The rating agency said it expected the ...

Commercial Real Estate Direct Staff Report The $66 million CMBS loan against APX Morristown, a 486,742-square-foot office complex in the New York suburb of Morristown, N.J., has transferred to special servicer 3650 REIT because it's expected to default. The loan ...

Commercial Real Estate Direct Staff Report The Queen Ka'ahumanu Center retail property in Maui, Hawaii, last year was appraised at a value of $44.24 million, 47 percent less than the $83.11 million that was owed against it. That lower value ...

Commercial Real Estate Direct Staff Report The inability of a portfolio of Manhattan apartment properties to generate the cash flow needed to fully service its $363.1 million of total indebtedness has prompted Moody's Investors Service to downgrade five principal-paying classes ...

Moody's Investors Service has downgraded eight classes, including an interest-only class, of Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5, because of a decline in its estimation of value for the deal's four remaining collateral loans. In addition, it ...

Moody's Investors Service has downgraded nine classes, including two interest-only classes, of Morgan Stanley Bank of America Merrill Lynch Trust, 2012-C6, because it has increased its expectation of losses resulting from the collateral pool's five remaining loans. Each of the ...

Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded five classes, including two interest-only classes, of JPMDB Commercial Mortgage Trust, 2016-C2, because it increased the losses it expects the deal to ultimately suffer. The rating agency highlighted three of ...

Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded six classes of Morgan Stanley Capital I Trust, 2015-UBS8. The rating agency downgraded the deal's class C, to BBB- from A-; class D, to CCC from BBB; class E, to ...