Thursday, October 22, 2015

LBUBS 2006-C1: 5% transfers to special 

Transaction: LBUBS 2006-C1
Property: River Valley Mall
City/State: Lancaster, OH
Property Type: Retail
Balance: $45,076,743
Percentage of Deal: 4.96%
Maturity Date: January 15, 2016
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes; 2/11/09
Previously in Special Servicing: No
Previously Modified: No


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1 comment:

  1. crabsofsteelNovember 3, 2015 at 3:07 PM

    Not even two weeks later, another 6.2% transfers to the special:

    Transaction: LBUBS 2006-C1
    Property: DHL Center
    City/State: Breinigsville, PA
    Property Type: Industrial
    Balance: $55,850,000
    Percentage of Deal: 6.15%
    Maturity Date: January 11, 2016
    MS: Wells Fargo
    SS: LNR Partners, Inc.
    Reason for Transfer: Imminent Monetary Default
    On Servicer Watchlist Prior to Transfer: Yes; 6/11/15
    Previously in Special Servicing: No
    Previously Modified: No

    Woohoo!

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