BSCMIBear Stearns Commercial Mortgage Inc.
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New York: Fitch Ratings has downgraded three and affirmed ten classes of Bear Stearns Commercial Mortgage Securities Trust, commercial mortgage pass-through certificates series 2005-TOP20 (BSCMI 2005-TOP20).
The loan was made under BSCMI's new floating rate, interim program that is designed to hold loans in portfolio.
(BSCMI), the commercial mortgage subsidiary of Bear Steams & Co., funded a three-year, $31.5 million floating rate interim loan on the Times Square Marriott Courtyard Hotel.