Monday, November 28, 2016

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

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