Tuesday, August 25, 2015

LBUBS 2005-C7: mod and probably remod

Transaction: LBUBS 2005-C7
Property: Sarasota Main Plaza
City/State: Sarasota, FL
Property Type: Retail
Balance: $20,702,257 (A Note) $14,269,089 (B Note)
Percentage of Deal: 9.02%
Maturity Date: September 15, 2015
MS: Wells Fargo
SS: C-III Asset Management, LLC
Reason for Transfer: Balloon Payment/Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 5/11/15
Previously in Special Servicing: Yes
Previously Modified: Yes

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