The Real Deal Miami

Fitch downgrades loans on Orlando mall

By David Jones | March 30, 2011 11:16AM

Fitch Ratings said it downgraded 12 classes of a $2.75 billion Morgan
Stanley commercial mortgage loan pool, led by expected losses at a
retail mall near Orlando. The mall, Oviedo Marketplace, includes 435,000
square feet in a 953,000-square-foot regional mall in Oviedo, Fla,
located 15 miles northeast of Orlando. Fitch said the loan was
transferred to special servicing when General Growth Properties, one of
the nation’s largest mall operators, included the property in its
bankruptcy filing. The property was later taken over by CW Capital.