Deal Name: Series 1997-C2

Commercial Real Estate Direct Staff Report Mission Capital Advisors is offering a pair of loan portfolios with a combined balance of $20 million. Both portfolios, which are offered by different sellers, are expected to be sold before the end of ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingMoody'sNewRatingMoody'sOldRatingS&PNewRatingS&POldRatingReason for Rating ActionCOMM 2001-J1608.8795.3C46.643  AaaAa3  Increased subordination   D15.547  Aa2A1      E23.321  Baa1Ba1   GMAC Commercial Mortgage Securities Inc., 1997-C2392.71100C69.725  AaaAa2  Increased subordination and defeasance   D32.181  AaaA2      E50.953  A1Ba1      F48.271  Ba3B2   JPMorgan Chase Commercial Mortgage Securities Corp., 2004-FL4260738.5B16.540  AaaAa1      C13.504  AaaAa2      D10.837  Aa1Aa3      E11.329  Aa2A1      F9.851  Aa3A2      G8.866  A1A3      H8.866  A2Baa1      J7.880  Baa1Baa2   

Fitch Ratings has upgraded three classed of Credit Suisse First Boston Mortgage Corp., 1997-C2, because of increased subordination and defeasance.The deal's balance is $952.2 million compared to $1.47 billion at issuance. In addition, 42 loans, totaling 34.9 percent of the ...

Moody's Investment Services upgraded two classes of Merrill Lynch Mortgage Investors, Inc., 1997-C2 and five classes of First Union National Bank-Chase Manhattan Bank Commercial Mortgage Trust, 1999-C2 because of increased subordination and defeasance.The collateral balance of Merrill Lynch 1999-C7 is ...

Fitch Ratings has upgraded bonds from two CMBS transactions because of increased credit enhancement levels and defeasance.The ratings agency upgraded two classes of GMAC Commercial Mortgage Securities Inc., 1997-C2. The deal's balance is $555.2 million compared to $1.07 billion at ...

Standard & Poor's has downgraded the $12 million class H of Merrill Lynch Mortgage Investors Inc., 1997-C2, to CCC+ from B-, because of expected losses from loans in special servicing.So far, the transaction has seen 12 losses totaling $14.4 million. ...

Moody's Investors Service has downgraded the $31.6 million class H of GMAC Commercial Mortgage Securities Inc., 1997-C2, to C from Caa2 because of losses from loans in special servicing.So far, the transaction has seen $38.2 million of losses. Four additional ...

Standard & Poor's had downgraded class J of Merrill Lynch Mortgage Investors Inc. 1997-C2 to single-D from triple-C because it suffered a loss of principal when a collateral loan was liquidated. The rating agency said the deal suffered a $1.3 ...

May 20, 2005 Moody's Investors Service has upgraded three classes of three classes of Merrill Lynch Mortgage Investors Inc., 1997-C2, because of increased subordination levels.The deal's collateral balance is $456.6 million, down from $686.3 million at issuance. So the rating ...

May 2, 2005 Moody's Investors Service has downgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 1997-C2, because of losses from loans in special servicing.The deal's balance is $1.01 billion, compared to $1.47 billion at issuance. Another 13.8 ...

March 31, 2005 Fitch Ratings has upgraded the $95.3 million class D of Credit Suisse First Boston Mortgage Securities Corp., 1997-C2, to double-A-minus from single-A-plus. The deal's balance is $1.03 billion, down from $1.47 billion at issuance, which has improved ...

January 20, 2005 Fitch Ratings has downgraded the $6.9 million class J of Merrill Lynch Mortgage Investors Inc., 1997-C2, to triple-C from single-B-minus because of expected losses from loans in special servicing. The deal's balance has shrunk to $531.9 million ...

July 19, 2004 Fitch Ratings has upgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 1997-C2, because subordination levels have increased.The rating agency upgraded the deal's:– $80.6 million class C to triple-A from double-A; and– $95.3 million class ...

Ian Schrager's proposed sale of New York's Paramount Hotel might have hit a stumbling block. If the sale falls through, Schrager's efforts to recapitalize a portfolio of hotels could be hurt.

May 3, 2004 Moody's Investors Service has downgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 1997-C2, because of realized and expected losses from loans in special servicing.The rating agency downgraded the deal's:– $29.3 million class H to ...

March 2, 2004 Fitch Ratings has downgraded the $14.7 million class I of Credit Suisse First Boston Mortgage Securities Corp., 1997-C2, to double-C from triple-C because of the expected losses from the resolution of a collateral loan that has been ...

November 20, 2003 Moody's Investors Service has upgraded two classes of Merrill Lynch Mortgage Investors Inc., 1997-C2, because subordination levels have improved as a result of a 13.3 percent reduction in the collateral pool's balance.The rating agency upgraded the deal's:– ...

August 15, 2003 Fitch Ratings has upgraded two classes of GMAC Commercial Mortgage Securities Inc., 1997-C2, because loan payoffs and amortization have resulted in improved subordination levels.The rating agency upgraded the deal's:– $69.7 million class C to single-A-plus from single-A-minus; ...

July 31, 2003 Moody's Investors Service has downgraded five classes of GMAC Commercial Mortgage Securities Inc., 1997-C2, because the performance of the deal's collateral has declined since securitization.The rating agency downgraded the deal's:– $50.9 million class E to Ba1 from ...

July 21, 2003 Moody's Investors Service has placed under review for possible downgrades five classes of GMAC Commercial Mortgage Securities Inc., 1997-C2.The rating agency said its action resulted because 11 loans, totaling 27.1 percent of the deal's collateral balance, are ...

July 16, 2003 Fitch Ratings has upgraded three classes of Credit Suisse First Boston Mortgage Securities Corp., 1997-C2, because loan payoffs and amortization have resulted in improved subordination levels. The rating agency upgraded the deal's:– $95.3 million class B to ...

March 15, 2002 NEW YORK – Fitch Ratings has downgraded Credit Suisse First Boston Mortgage Securities Corp., 1997-C2, because of concerns it has with the performance of a large chunk of the collateral pool.The rating agency said it downgraded the ...

Integrated Health Services, a bankrupt healthcare operator, has decided to reject leases at 43 properties that collateralize the largest loan in GMAC Commercial Mortgage, 1997-C2.

Commercial Real Estate Direct Staff ReportMission Capital Advisors is offering a pair of loan portfolios with a combined balance of $20 million.Both portfolios, which are offered by different sellers, are expected to be sold before the end of June. Mission, ...

Commercial Real Estate Direct Staff ReportMission Capital Advisors is offering a pair of loan portfolios with a combined balance of $20 million.Both portfolios, which are offered by different sellers, are expected to be sold before the end of June. Mission, ...