September 2, 2003 Fitch Ratings has downgraded six classes of Asset Securitization Corp., 1997-D5, because of expected losses from certain collateral loans.The rating agency downgraded the deal's:– $39.5 million class A-5 to double-B from triple-B;– $43.9 million class A-6 to ...
September 2, 2003 Moody's Investors Service has upgraded four classes of DLJ Mortgage Acceptance Corp., 1996-CF1, because loan payoffs and amortization have resulted in increased subordination levels.The rating agency upgraded the deal's:– $33 million class A-3 to Aaa from Aa2;– ...
The investment bank securitized a six-month mortgage it provided to Conseco and Donald Trump, allowing them to refinance an equal-sized loan. The new debt gives them plenty of time to find a buyer for the 1.8 million-sf office building.
August 28, 2003 Kansas City StarA new post office should be operating in Union Station within two years as part of a redevelopment plan that will bring thousands of IRS workers to downtown Kansas City, Mo. The relocation of postal ...
August 27, 2003 Aetna has provided an $18.85 million mortgage on 101 N. Sepulveda, a 198,018-square-foot office building in El Segundo, Calif.Paul Brindley and Mark Gibson of Holliday Fenoglio Fowler's Los Angeles office arranged the 10-year, fixed rate loan on ...
August 27, 2003 By Rhonda L. Lipschutz, Commercial Real Estate Direct Staff WriterBond Street Capital plans to contribute loans to an upcoming Nomura securitization.Bond Street, which is headquartered in West Palm Beach, Fla., was started last year by Barry Reiner, ...
The California lender has hired Thomas Dentinger from Midland Mortgage Financial to launch a unit specializing in writing multifamily loans under various HUD programs. The company will open an office in Clearwater, Fla.
August 26, 2003 GMAC Commercial Mortgage Corp. has provided $43.5 million of debt and equity for the acquisition of the Forest Office Park in Richmond, Va. GMAC's Intermediate Finance Group provided $33 million in debt for the property while its ...
Wachovia Securities has provided Jamestown $171 million of floating-rate debt to finance Chelsea Market, a 1.1 million-square-foot office, retail building in the Chelsea neighborhood of Manhattan.
August 22, 2003 Birmingham Business JournalCollateral Mortgage Capital LLC has funded the planned construction of BarreWoods Apartments in Kansas City, Mo., which will encompass 340 units across 17 two- and three-story buildings and numerous amenities. The $26.44 million, non-recourse loan ...
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