DBRS Confirms One Class of GECMC, Series 2005-C1

DBRS has today confirmed one class of GE Commercial Mortgage Corporation, Series 2005-C1, as follows:

-- Class A-J at AAA (sf)

This rating action reflects the repayment of interest due to Class A-J, according to the September 2012 remittance report. Class A-J was shorted $446,067 in interest in the August 2012 remittance report, due to the reimbursement of property protection advances associated with the Washington Mutual Buildings loan (Prospectus ID#9), which no longer remains in the pool. In addition to the full repayment of interest due to Class A-J, Class B recouped $24,850 of interest shortfalls, with $144,175 of interest due still outstanding.

For additional detail on the DBRS viewpoint for this transaction, and for details on the largest loans in the pool, the loans in special servicing and the loans on the servicer’s watchlist, please see the May 2012 Monthly CMBS Surveillance Report for this transaction, which will be published shortly.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are CMBS Rating Methodology and CMBS North American Surveillance Methodology, which can be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.