Class G of Merrill Lynch Mortgage Investors commercial mortgage pass-through certificates, series 1996-C2, has been placed on Rating Watch Negative by Fitch Ratings.The rating agency attributed the action to uncertainty about the resolution of loans secured by the Shilo Inn, as well as expected losses on several loans in special servicing that "may severely affect" the credit enhancement of the class. Sixteen loans are being specially serviced by Criimi Mae, and four are collateralized by Shilo Inn properties (three in Oregon and one in Washington), Fitch said. The rating agency can be found online at http://www.fitchratings.com.
Processing Content
