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The CMBS special servicer will leave the valuation in draft form until the future of the asset’s key tenant is clearer.
Our award winners provide an insight into the key lending trends when the market recovers
Mount Street placed the securitised loan, originally issued by Goldman Sachs, into special servicing when it matured on 15 January.
Scope Ratings listed six securitised European loans, due to mature this year, as most at risk.
The ratings agency is reviewing its ratings of a £367m commercial mortgage-backed securitisation secured by the City of London tower.
The manager has won a three-year loan extension which enables its Sponda subsidiary to divest assets.
The credit ratings agency says the Toronto-based manager faces a 'severe test' meeting repayments as interest rate costs on the securitised loan soar.
The loan servicing firm is understood to have appointed Investec to market it to prospective buyers.
The US manager says it is on track to meet repayments, despite rating agency warnings about the impact of market conditions.
The rating agency says refinancing risk is particularly severe for sterling-denominated loans within securitisations.