- The paid through date is Feb 8, 2010.
- Servicer advances full amount
- CWCapital continues deed-in-lieu discussion
- Remaining reserve is $29,625
- No word on the transfer tax, appraisal, or environmentals
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2010
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March
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- CMBS Delinquency Rate Accelerates - Now Above 7%
- NYC Office Market Falters
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- LNR - The Experts
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- Don't mess with JP Morgan...
- Insurers give up on investing
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- Hot Now! CMBS TALF list for March 2010
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- Farmington Hills Retail - $31.3mm, 60% LTV, 10-yea...
- RBS Securities hires Jablanksy
- Whale Hunting in Maui
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- CWCapital For Sale
- Loan Assumptions
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2 comments:
why did CW post the full amount if they know there is a huge value deficiency?
There was a remark by the special that reserves were being swept to make the debt service payment. It looks as if there are now $4MM in advances. RW, those come from the master servicer and not CWC and are recovered on loan correction or liquidation.
* No word on the transfer tax, appraisal, or environmentals
No appraisal or inspections yet, but it had been stated that the transfer tax was being advanced by the servicer (thus being paid by the trust). I think the amount is greater than the $4MM shown this month, so it may not yet have actually been paid.
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