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 
at

1 comment:

  1. crabsofsteelNovember 9, 2016 at 4:14 PM

    Transaction: MSC 2006-IQ12
    Et encore!

    Property: Gateway Office Building
    City/State: Rockville, MD
    Property Type: Office
    Balance: $56,200,000
    Percentage of Deal: 9.93%
    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, 08/08/16
    Previously in Special Servicing: No
    Previously Modified: No

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