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Thursday, 30 November 2000

S&P Raises Ratings on LTC Commercial Mortgage, 1994-1

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December 1, 2000

NEW YORK – Standard & Poor's has raised its ratings on several classes of LTC Commercial Mortgage 1994-1 and affirmed its ratings on three other classes in the transaction.

S&P lifted Class B to triple-A from double-A, Class C to double-A-plus from single-A, Class D to double-A-minus from triple-B, and Class E to double-B from single-B

The ratings actions are due to loan payoffs, which have resulted in improved subordination for the deal's senior classes. Offsetting that partially is weakening performance of collateral properties.

As of October 2000, 20 nursing home loans totaling $63.8 million remained in the pool. At issuance, the pool consisted of 35 loans totaling $127.6 million. The remaining loans in the pool are secured by 38 health care properties located in 13 states with California (21 percent of the total pool), Texas (19 percent), and Montana (12 percent), the only states exceeding a 10 percent concentration.

Despite weakening performance, the pool has no delinquencies or realized losses, S&P said.


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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Commercial MBS (CMBS), Ratings - CMBS (RATE)
  • Company: Starwood Hotels & Resorts
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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