Thursday, October 13, 2011

GGP Victoria Ward Forgoes Extension (COMM 2006-C8)

Barclays highlighted this earlier in the week. Although Victoria Ward (Honolulu Retail) was modified during the GGP bankruptcy to move it's maturity date from this month to 2016, it paid off this month as originally scheduled. The modification also switched the loan over to an amortizing payment, from IO, and will definitely shorten the front-pays with a $86.5mm outstanding balance.

A2B is the current pay with $244mm outstanding. It was on a list on 9/22, but not sure where it traded.


R said...
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crabsofsteel said...

can't these guys do anything right?