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
Percentage of Deal: 2.29%
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
Breaking: WeWork Banks on Brokerage Business
3 days ago