Today Barclays put out some comments on the loan that were interesting. Notably:-Valuation is 9 months old and too low (wonder why they waited 9 months for the ARA). Cap rate was over 11%. Barclay's pegs it closer to $235mm/$400psf.-Due to JV (50% GGP, 50% who?) highly likely to turn the keys in when it ARDs later this year (yes, I made that up). Referenced the similar cases with Silver City JPMCC 2005-LDP4 and Montclair Plaza WBCMT 2006-C28.-GGP lists this one in their "Other" category. Nobody wants be in that category - it's like Pat: Male/Female/Other.
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