Sucks for that guy, but PCV/ST deals were brought in even though they carry 20% of the collateral on the deals they're in.
No color on why JPMCC 2007-LDPX A2S was rejected, but you have to wonder about the shorter term loans and extension risk behind that class. It's hard to get behind a 3-year loan on this bond, when it's like to extend out further. Not to mention your GGP and Maguire exposure.
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