Thursday, February 4, 2016

COMM 2006-C7: 2.0% transfers to special

Transaction: COMM 2006-C7
Property: Heyman Properties - LGA
City/State: East Elmhurst, NY
Property Type: Hotel
Balance: $23,930,506
Percentage of Deal: 2.03%
Maturity Date: April 1, 2016
MS: Midland Loan Services
SS: CWCapital Asset Management
Reason for Transfer: Inability to make loan payments
On Servicer Watchlist Prior to Transfer: Yes; 9/3/09
Previously in Special Servicing: No
Previously Modified: No
We've seen this loan before when it was known as Avistar/Courtyard by Marriott.  
Another winner from COMM-2006-C7!

1 comment:

crabsofsteel said...

Liquidated at a $7.5MM loss. Class AJ recovered its interest shortfall.