-- Daniel O’Leary
Losses are expected on two loans backing the £401 million ($620 million) Eclipse 2006-1 (Equinox) commercial mortgage securitization, according to the special servicer.
Barclays Capital Mortgage Servicers revealed the MacAllen loan, which represents 12% of the pool, will realize losses of about £13.7 million ($21.7 million) after revised property valuations. The properties are now worth....