Transaction: JPMCC 2006-CB15
Property: Greenway Portfolio
City/State: Middleton, WI
Property Type: Office
Balance: $112,000,000
Percentage of Deal: 21.3%
Maturity Date: May 1, 2016
MS: Wells Fargo
SS: LNR Partners, LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 02/08/16
Previously in Special Servicing: No
Previously Modified: No
The wonderful thing about this transfer is that the May remittance came out last Thurs. 5/12. Two days later, surprise, surprise! The entire deal balance is about $530MM. Oops!
Bonus time! Not only does this loan show up as specially serviced on the June remit, but another $51MM joins the crowd as non-performing maturity defaults! I wonder where is this AJ trading?
ReplyDeleteThis must be part of that $51MM ... transferred on 6/3 and 6/6
ReplyDeleteTransaction: JPM 2006-CIBC15
Property: Marriott – Knoxville (Transferred 6/3/2016)
City/State: Knoxville, TN
Property Type: Hotel
Balance: $26,547,846
Percentage of Deal: 5.98%
Maturity Date: June 1, 2016
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Balloon Payment/Maturity Default
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: No
Previously Modified: No
Transaction: JPM 2006-CIBC15
Property: 10 Weaver Road (Transferred 6/6/2016)
City/State: Denver, PA
Property Type: Industrial
Balance: $25,450,749
Percentage of Deal: 5.75%
Maturity Date: June 1, 2016
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Balloon Payment/Maturity Default
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: No
Previously Modified: No
The hits just keep on coming!
ReplyDeleteTransaction: JPMCC 2006-CB15
Property: Marriott - Jackson
City/State: Jackson, MS
Property Type: Hotel
Balance: $24,572,605
Percentage of Deal: 5.54%
Maturity Date: June 1, 2016
MS: Wells Fargo
SS: LNR Partners, Inc.
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 12/06/13
Previously in Special Servicing: No
Previously Modified: No