Thursday, October 27, 2016

COMM 2006-C7: do you own class AJ? Oops!!

There are only two classes outstanding in this deal for a total of about $130MM.  If losses exceed $20MM, class AJ takes writedowns. Noch ein Erfolg (yet another success), Deutsche Bank! 

Transaction: COMM 2006-C7
Property: Fiddler's Green Center
City/State: Greenwood Village, CO
Property Type: Office
Balance: $61,600,000
Percentage of Deal: 47.82%
Modified Maturity Date: May 1, 2018
MS: Midland Loan Services 
SS: CWCapital Asset Management
Reason for Transfer: Other
On Servicer Watchlist Prior to Transfer: No 
Previously in Special Servicing: Yes; Returned to Master Servicer 03/27/13
Previously Modified: Yes, Maturity increased by 24 periods to 05/2018; IO periods increased by 60

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