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 

1 comment:

crabsofsteel said...

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