Tuesday, October 7, 2014

Bad CMBS deals only get worse

From the deal which brought you the dark Bank of America Tower in Atlanta comes this:

Transaction: JPMCC 2006-CIBC17
Property: Westfield Shoppingtown Independence
City/State: Wilmington, NC
Property Type: Retail
Balance: $110,000,000
MS: Wells Fargo
SS: CWCapital Asset Management, LLC
Reason for Transfer: Monetary Default


1 comment:

crabsofsteel said...

Lookie which loan just went 60 days delinquent in March. Foreclosure seems likely. 5% of a deal which is already shorting the AJ = not happy!