BSCMS 2006-PW11: Basura alert! 18% retransfers to special

Basura is Spanish for garbage.

Transaction: BSCM 2006-PWR11
Property: SBC – Hoffman Estates
City/State: Hoffman Estates, IL
Property Type: Office
Balance: $56,736,076
Percentage of Deal: 17.97%
Maturity Date: December 1, 2035
MS: Wells Fargo
SS: C-III Asset Management, LLC
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 07/01/11
Previously in Special Servicing: No
Previously Modified: No