The offering, which was named "Commercial Mortgage Trust 2003-C-1," consisted of 72 mortgage loans backed by 86 mortgaged commercial real estate properties in 27 states. The top five states in the loan pool were: California, Illinois, Virginia, Texas, New York and Ohio. The offering was rated by Moody's Investors Service Inc. and Standard & Poor's Ratings Services.

RBS Greenwich officials note the property types in the mortgage pool consisted of primarily office developments (38.8%) followed by anchored retail, which had 37.6% of the pie. Other property types included in the pool were: industrial, multifamily, mixed use, self-storage and hospitality oriented projects.

RBS Greenwich Capital officials note that Greenwich Capital Markets Inc. was the lead manager and sole bookrunner of the issuance, which was co-managed by Credit Suisse First Boston LLC and Morgan Stanley & Co. Inc.

Company officials add that the 2003-C-1 pool was the fourth CMBS issue that RBS Greenwich Capital has led for the depositor, Greenwich Capital Commercial Funding Corp., and the third CMBS transaction that RBS Greenwich Capital has lead-managed in the last six months.

RBS Greenwich Capital is a wholly owned subsidiary of the Royal Bank of Scotland and is a primary dealer in US government securities. The firm also engages in the sales and trading of asset-backed securities, asset finance, real estate finance and securitization markets.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.