Transaction: CGCMT 2007-C6
Property: Crossroads Marketplace
City/State: Chino Hills, CA
Property Type: Retail
Balance: $63,000,000
Percentage of Deal: 1.81%
Maturity Date: April 6, 2017
MS: Midland Loan Services
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 08/06/12
Previously in Special Servicing: No
Previously Modified: No
Monday, November 28, 2016
CGCMT 2007-C6: another 1.8% down the hole
BACM 2007-2: youpee! Where do I begin? 11.3% goes back to special.
Transaction: BACM 2007-2
Property: Connecticut Financial Center
City/State: New Haven, CT
Property Type: Office
Balance: $ 70,000,000 (A-Note) & $60,400,000 (B-Note)
Percentage of Deal: 11.3%
Maturity Date: March 1, 2017
MS: Berkadia
SS: CWCapital Asset Management, LLC
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes; 11/04/16
Previously in Special Servicing: Yes; Returned to the Master Servicer 1/17/14
Previously Modified: Yes; Hope Note Created, Interest Rate Reduced Year 1 and 2
Property: Connecticut Financial Center
City/State: New Haven, CT
Property Type: Office
Balance: $ 70,000,000 (A-Note) & $60,400,000 (B-Note)
Percentage of Deal: 11.3%
Maturity Date: March 1, 2017
MS: Berkadia
SS: CWCapital Asset Management, LLC
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes; 11/04/16
Previously in Special Servicing: Yes; Returned to the Master Servicer 1/17/14
Previously Modified: Yes; Hope Note Created, Interest Rate Reduced Year 1 and 2
Monday, November 21, 2016
LBUBS 2007-C2: 2.3% goes into special servicing. Not good when the AJ is the bottom class.
Transaction: LBUBS 2007-C2
Property: Citicorp Meridian ID
City/State: Meridian, ID
Property Type: Office
Balance: $31,442,800
Percentage of Deal: 2.30%
Maturity Date: April 11, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Monetary (Balloon/Maturity) Default
On Servicer Watchlist Prior to Transfer: Yes, 11/14/16
Previously in Special Servicing: No
Previously Modified: No
Property: Citicorp Meridian ID
City/State: Meridian, ID
Property Type: Office
Balance: $31,442,800
Percentage of Deal: 2.30%
Maturity Date: April 11, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Monetary (Balloon/Maturity) Default
On Servicer Watchlist Prior to Transfer: Yes, 11/14/16
Previously in Special Servicing: No
Previously Modified: No
CSMC 2007-C1: Whatever a Pinnacle at Tutwiler is, 3.8% transfers to special.
Transaction: CSMC 2007-C1
Property: Pinnacle at Tutwiler
City/State: Trussville, AL
Property Type: Retail
Balance: $48,515,172
Percentage of Deal: 3.80%
Maturity Date: December 11, 2016
MS: Berkadia
SS: C-III Asset Management LLC
Reason for Transfer: Potential/Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 10/13/15
Previously in Special Servicing: No
Previously Modified: No
Property: Pinnacle at Tutwiler
City/State: Trussville, AL
Property Type: Retail
Balance: $48,515,172
Percentage of Deal: 3.80%
Maturity Date: December 11, 2016
MS: Berkadia
SS: C-III Asset Management LLC
Reason for Transfer: Potential/Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 10/13/15
Previously in Special Servicing: No
Previously Modified: No
Tuesday, November 8, 2016
MSC 2006-IQ12: Wheeoops! 10% says mty default
Transaction: MSC 2006-IQ12
Property: Gateway Center IV
City/State: Newark, NJ
Property Type: Office
Balance: $57,111,536
Percentage of Deal: 10.10%
Maturity Date: November 1, 2016
MS: Berkadia
SS: C-III Asset Management LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 07/08/15
Previously in Special Servicing: Yes; Returned to Master Servicer 3/18/15
Previously Modified: No
Thursday, November 3, 2016
GCCFC 2007-GG9: Bonjour, another 4% maturity default
The deal sucks less than GG10, but it is trying hard to catch up!
Transaction: GCCFC 2007-GG9
Property: Boulevard Mall
City/State: Amherst, NY
Property Type: Retail
Balance: $92,393,224
Percentage of Deal: 3.96%
Maturity Date: February 6, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 12/07/15
Previously in Special Servicing: No
Previously Modified: No
Transaction: GCCFC 2007-GG9
Property: Boulevard Mall
City/State: Amherst, NY
Property Type: Retail
Balance: $92,393,224
Percentage of Deal: 3.96%
Maturity Date: February 6, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 12/07/15
Previously in Special Servicing: No
Previously Modified: No
CGCMT 2007-C6: On the road to suck, another 3.5% goes into special
Transaction: CGCMT 2007-C6
Property: Greensboro Corporate Center
City/State: Mclean, VA
Property Type: Office
Balance: $122,888,098
Percentage of Deal: 3.50%
Maturity Date: June 6, 2017
MS: Midland Loan Services
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 06/06/13
Previously in Special Servicing: No
Previously Modified: No
Property: Greensboro Corporate Center
City/State: Mclean, VA
Property Type: Office
Balance: $122,888,098
Percentage of Deal: 3.50%
Maturity Date: June 6, 2017
MS: Midland Loan Services
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 06/06/13
Previously in Special Servicing: No
Previously Modified: No
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