Subject: Commercial MBS (CMBS)
Phar-Mor Closures to Affect 5 CMBS Deals
October 17, 2001 Commercial Real Estate Direct Staff ReportOnly five CMBS transactions will be affected by the announcement last month by Phar-Mor Inc. that it would close 65 stores as a result of its Chapter 11 Bankruptcy filing.According to Realpoint, ...
S&P Raises/Lowers Ratings on Prudential Securities 1995-C1
October 16, 2001 NEW YORK – Standard & Poor's raised its ratings on two classes of Prudential Securities Secured Finance Corp.'s 1995-C1 while lowering its ratings on class F.Class c was upgraded to double-A-plus from double-A, and class D was ...
Banc of America Ready to Market $938.2Mln Conduit
October 16, 2001By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterIt appears that Banc of America Securities, along with co-lead-manager Merrill Lynch, will be in the CMBS market with the first large conduit transaction since the Sept. 11 terrorist ...
Morgan Stanley ‘IQ’ Deal Expected to Price Well; Two Other Transactions Pending
The CMBS new issue market is starting to pick up again, led by a $713 million deal backed by ultra-conservative, seasoned insurance mortgages. Two other deals were also in the process of being launched. But none are conduit deals.
Greenwich Capital Readying $716.9Mln Floater
October 4, 2001 Greenwich Capital Markets Inc. is close to launching a $716.9 million floating-rate CMBS deal, according to Reuters.Greenwich Capital Commercial Funding Corp., 2001-FL1, is backed by 16 large loans on 52 properties. Term sheets are said to be ...
CSFB Floater Struggles; MSDW Conduit Poised for Marketing
The $619 million Credit Suisse First Boston floater should price Wednesday, after difficulties due to the number of hotel loans. The day should also see the first post-Sept. 11 conduit enter the market, a $700 million deal underwritten by Morgan ...
Fitch Affirms Ratings of Trade Center CMBS Deal
September 28, 2001 NEW YORK – Fitch has affirmed the ratings of GMAC Commercial Mortgage Securities Inc., 2001-WTC, a CMBS transaction backed by debt on the now-destroyed World Trade Center, in a clear indication that the rating agency believes that ...
COMM Deal Prices; CMBS Market Likely to Get Moving Again
As expected, the $1.5 billion large-loan deal priced wide to guidance, but more important, investors were game, "and that's all that matters," said one trader. "We go on from here.
COMM 2001-J2 Large Loans Deal May See Change in Structure
The rest of the CMBS market is waiting to see how the $1.5 billion COMM deal from Deutsche Bank will fare. Newly circulated price talk on the deal is said to be misleading, and word is that some tranches could ...
COMM 2001-J2 Large Loans Deal Being Re-worked; Pricing Due Tomorrow
The rest of the CMBS market is waiting to see how the $1.5 billion COMM deal from Deutsche Bank will fare. Newly circulated price talk on the deal is said to be misleading, and word is that the triple-A tranches ...
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