Banc of America Large Loan, Inc., Ser 2001-1166 Rtd By Fitch.Business Editors NEW YORK--(BUSINESS WIRE)--May 30, 2001 Banc of America Large Loan, Inc. Series 2001-1166, commercial mortgage pass-through certificates Pass-Through Certificates (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass-through structure as a means of diversifying the asset pool and/or increasing the size are rated by Fitch as follows: --$131,000,000 class A certificates, AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. ; --$17,000,000 class B certificates, AA; --$19,000,000 class C certificates, AA-; --$48,000,000 class D certificates, AA-. All classes are privately placed pursuant to rule 144A Rule 144A A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves. of the Securities Act of 1933. The certificates represent a beneficial ownership interest in the trust which consists of a floating-rate loan which has a principal balance of $215,000,000, the primary asset of which is the ownership interest in the commercial condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. units located on the entire 7th, 8th, 9th, 10th, 11th, 12th, 14th, 15th, 16th, 17th, 18th, 19th, 20th and 21st floors and certain storage space of the property known as 1166 Avenue of the Americas, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York. (For a detailed description of Fitch's rating analysis, please see the Report titled Banc of America Large Loan, Inc., Series 2001-1166 dated May 9, 2001 available on Fitch's web site at 'www.fitchratings.com'). |
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