This month's remit reports a 4 month extension until 2/15/2011 (because things will be better then), and notes that Fortress has acquired the mezz (please note the exact structure isn't clear to us, and at least part of it looks like it is in two CRE CDOs) and a controlling interest in the borrower.
An additional $5mm is being plowed into a reserve, but looks like it will be eaten into heavily by fees, and accrued defaulted interest will be deferred until the extension date.
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