Transaction: LBUBS 2007-C1
Property: CVS - Vero Beach
City/State: Vero Beach, FL
Property Type: Industrial
Balance: $29,750,000
Percentage of Deal: 3.00%
Maturity Date: January 11, 2017
MS: Berkadia
SS: LNR Partners, Inc.
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 11/14/16
Previously in Special Servicing: No
Previously Modified: No
Tuesday, December 27, 2016
Wednesday, December 21, 2016
MLMT 2007-C1: when you already have $200MM in B-notes and $150MM in delinquencies, what's another $50MM more?
Really, one of the worst deals ever. Shorting interest at the AJ level.
As paying the swap comes first, class AJFL is getting paid nothing.
Transaction: MLMT 2007-C1
Property: OfficeMax Headquarters
City/State: Naperville, IL
Property Type: Office
Balance: $49,000,000
Percentage of Deal: 2.29%
Maturity Date: July 1, 2017
MS: Keybank
SS: C-III Asset Management LLC
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 04/01/15
Previously in Special Servicing: No
Previously Modified: No
As paying the swap comes first, class AJFL is getting paid nothing.
Transaction: MLMT 2007-C1
Property: OfficeMax Headquarters
City/State: Naperville, IL
Property Type: Office
Balance: $49,000,000
Percentage of Deal: 2.29%
Maturity Date: July 1, 2017
MS: Keybank
SS: C-III Asset Management LLC
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 04/01/15
Previously in Special Servicing: No
Previously Modified: No
Thursday, December 15, 2016
GSMS 2014-GC26: 1.9% retail in Soho heads to special servicing
Anyone know what is going on?
Transaction: GSMS 2014-GC26
Property: 129-131 Greene Street
City/State: New York, NY
Property Type: Retail
Balance: $23,000,000
Percentage of Deal: 1.85%
Maturity Date: November 6, 2019
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Other
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: No
Previously Modified: No
Monday, December 12, 2016
COMM 2006-C8: on remittance day +1, we find out that 9.8% maturity defaulted
Transaction: COMM 2006-C8
Property: 300 7th Street
City/State: Washington, DC
Property Type: Office
Balance: $51,000,000
Percentage of Deal: 9.83%
Maturity Date: December 1, 2016
MS: Midland Loan Services
SS: LNR Partners, LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes;
09/06/16
Previously in Special Servicing: No
Previously Modified: No
Wednesday, December 7, 2016
CWCI 2007-C3: Alameda, Alameda! 2.8% heads to special for maturity oops.
Transaction: CWCI 2007-C3
Property: Alameda Media Center
City/State: Burbank, CA
Property Type: Office
Balance: $36,000,000
Percentage of Deal: 2.77%
Maturity Date: June 6, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default (Balloon/Maturity)
On Servicer Watchlist Prior to Transfer: Yes, 01/11/16
Previously in Special Servicing: No
Previously Modified: No
Property: Alameda Media Center
City/State: Burbank, CA
Property Type: Office
Balance: $36,000,000
Percentage of Deal: 2.77%
Maturity Date: June 6, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Monetary Default (Balloon/Maturity)
On Servicer Watchlist Prior to Transfer: Yes, 01/11/16
Previously in Special Servicing: No
Previously Modified: No
Thursday, December 1, 2016
CD 2007-CD4: 1.7% Sunset Mall heads off into the sunset
Transaction: CD 2007-CD4
Property: Sunset Mall
City/State: San Angelo, TX
Property Type: Retail
Balance: $27,993,382
Percentage of Deal: 1.65%
Maturity Date: December 6, 2016
MS: Midland Loan Services
SS: CWCapital Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 09/07/16
Previously in Special Servicing: No
Previously Modified: No
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