Titan Europe CMBS LTV Breach Likely

13 Oct 2008

A new valuation of the Titan Europe 2007-1 commercial mortgage-backed securitization ordered by servicer Capmark will likely see the Credit Suisse deal breach its loan-to-value covenant.

--Alex Sebastian

A new valuation of the Titan Europe 2007-1 commercial mortgage-backed securitization ordered by servicer Capmark will likely see the Credit Suisse deal breach its loan-to-value covenant. This is the latest European CMBS to fall foul of plummeting commercial property values. The new valuation will provide a more ...

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