Friday, October 2, 2009

125 W 55th Street - Maturity Extension Coming

The $200mm loan matures 3/1/2010 and the current sponsor, Boston Properties, is seeking an extension according to CRENews (subscription required). This is an old Macklow Property

The loan is pari passu across 3 deals and accounts for 6 - 8% of each deal: GECMC 2005-C2 ($50mm), GMACC 2005-C1 ($100mm), and GECMC 2005-C3 ($50mm)

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