Thursday, September 1, 2016

JPMCC 2006-CB17: 3.7% transfer means deal enters multi-dimensional suck space

Deal is already taking losses at the AJ level.
Food-a-Rama vacated and borrower wants two-year extension
to release the space.  Fine Fine Fine.

Transaction: JPMC 2006-CIBC17
Property: Lutherville Station
City/State: Lutherville, MD
Property Type: Retail
Balance: $23,460,164
Percentage of Deal: 3.67%
Maturity Date: October 1, 2016
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: Yes, 07/07/15
Previously in Special Servicing: No
Previously Modified: No

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