Friday, March 18, 2011

JPMCC 2005-LDP4 Silver City Galleria ($138mm) 5.97% of deal

A week ago it was reported that this loan's default would likely wipe out up into the G class of investors ;-(.

This is not unexpected by any stretch of the imagination as this was one of the JV assets GGP did not include in the bankruptcy, but did kick the keys back to the servicer.

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