Tuesday, November 17, 2015

JPMCC 2007-LD12 and MLCFC 2006-1: two modified loans go back to the special

Transaction: JPMC 2007-LDP12
Property: Oheka Castle
City/State: Huntington, NY
Property Type: Hotel
Balance: $22,750,000 A Note and $5,140,806 B Note
Percentage of Deal: 1.99%
Modified Maturity Date: August 15, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Non-Monetary Default
On Servicer Watchlist Prior to Transfer: Yes; 1/9/14
Previously in Special Servicing: Yes
Previously Modified: Yes; Split into an A&B Note, Term Increased by 60 Periods

Transaction: MLCFC 2006-1
Property: Prince George Center II
City/State: Hyattsville, MD
Property Type: Office
Balance: $37,268,804
Percentage of Deal: 3.89%
Maturity Date: December 8, 2015
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 5/6/15
Previously in Special Servicing:  Yes
Previously Modified:  Yes

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