Monday, February 7, 2011

MSC 2011-C1 ($1,548MM)

UPDATE W/TALK

Tr Size(mm) M/F WAL C/E Talk
A1  $          87.86 AAA/AAA 2.6 22.88% +90
A2  $        597.15 AAA/AAA 4.8 22.88% +105-115
A3  $        105.12 AAA/AAA 7.5 22.88% +120a
A4  $        404.07 AAA/AAA 9.6 22.88% +115-120
B  $          60.00 AA/AA 9.9 19.00% +155-165
C  $          89.03 A/A 9.9 13.25% +200a
D  $          85.16 BBB/BBB 9.9 7.75% +225-250
E  $          19.36 BBB-/BBB- 10 6.50% +250-275
XA  $    1,194.20 AAA/AAA


XB  $        354.20 NR/NR




Also announced today...

Tr Size(mm) M/F WAL C/E
A1 $ 87.86 AAA/AAA 2.6 22.88%
A2 $ 597.15 AAA/AAA 4.8 22.88%
A3 $ 105.12 AAA/AAA 7.5 22.88%
A4 $ 404.07 AAA/AAA 9.6 22.88%
B $ 60.00 AA/AA 9.9 19.00%
C $ 89.03 A/A 9.9 13.25%
D $ 85.16 BBB/BBB 9.9 7.75%
E $ 19.36 BBB-/BBB- 10 6.50%
XA $ 1,194.20 AAA/AAA

XB $ 354.20 NR/NR


Leads: MS (76.2%), BAML (23.8%)
loans/properties: 37/79
Wavg LTV: 61.6%
DSCR: 1.60x
Debt Yield: 11.6%
top 10: 71.8%

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