There is a $165mm senior in the CSMC 2006-C5 deal and a $35mm mezz floating around. REAlert states the 49% owner is looking to recapitalize and sell it off, which would result in an early payoff and likely defeasance (its slated for maturity in 2016). Barclays noted today in a research piece that they may be able to negotiate a payoff that waives the call protection resulting in an early payoff.
Barclays also highlighted that 200 Public Square (WBCMT 2005-C20, $110mm) is for sale and is likely to be defeased.
Subscribe to:
Post Comments (Atom)
1 comment:
DarkSpace you are back with a vengeance dude! Keep up the great work and bringing cmbs to the masses. Glad you're back.
-Fan Since Sept. 2009
Post a Comment