Monday, August 10, 2009

Maguire Sends Jingle Mail

Maguire, the company, started turning in the keys on several properties. In all, they have 40 CMBS loans worth nearly $5 billion in face value, and many are office properties in the heart of subprime originators and servicers favorite city of operations in Los Angeles and Irvine.

Maguire, the man, also owns a number of properties including Solana, a mixed-use development serving as collateral in JPMCC 2007-LDPX, which is requesting a loan modification following the loss of it's largest tenant, Sabre (aka Travelocity).

We know of a few CMBS loans that have had their keys turned in for sure, and we'll update this post if we learn more.

Deal Loan Size
GSMS 2007-GG10 550 South Hope Street 165,000,000
WBCMT 2005-C18 Park Place II 100,000,000
CSMC 2007-C4 2600 Michelson 95,000,000
JPMCC 2007-LDP11 Stadium Towers 83,200,000
GSMS 2007-GG10 Maguire Anaheim Portfolio (500 Orange Tower) 7,777,457
BACM 2005-3 Pacific Arts Plaza 132,000,000
BACM 2005-4 Pacific Arts Plaza 110,000,000

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