Fitch Downgrades 1 Class of J.P. Morgan Chase Commercial Mortgage Securities Corp., Ser 2001-CIBC1
There are 1 comment on the Business Wire story from Jan 23, 2013, titled Fitch Downgrades 1 Class of J.P. Morgan Chase Commercial Mortgage Securities Corp., Ser 2001-CIBC1. In it, Business Wire reports that:Fitch modeled losses of 7.1% of the remaining pool; expected losses on the original pool balance total 6%, including losses already incurred.
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#1 Jan 23, 2013
"The largest contributor to expected losses is a 63,059 square foot (sf) retail strip center (15.9% of the pool) located in Tupelo, MS"
Tupelo is going dead due to local leadership that have milked it dry. We can not support more retail and restaurants. We must have research and small innovative business. Putting money into Ashley is not the right direction or grant money to be matched at the airport.
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