Thursday, September 29, 2016

LBUBS 2006-C7: 4.2% says I'm ballooning, please somebody pay me off because my borrower can't!

Transaction: LBUBS 2006-C7 
Property: Weatherford Marketplace         
City/State: Weatherford, TX
Property Type: Retail                        
Balance: $20,512,536.15
Percentage of Deal: 4.19%
Maturity Date: October 1, 2016
MS: Wells Fargo
SS: LNR Partners, LLC
Reason for Transfer: Imminent Monetary Default 
(Balloon/Maturity Default)        
On Servicer Watchlist Prior to Transfer: Yes, 
6/13/2016 and periodically since 2010
Previously in Special Servicing: No
Previously Modified: No

No comments: