WBCMT 2007-C30: 1.9% says see ya later!

Transaction: WBCMT 2007-C30
Property: Sealy B Pool
City/State: Various, LA  
Property Type: Industrial 
Balance: $40,150,270
Percentage of Deal: 1.92%
Maturity Date: February 11, 2017 
MS: Wells Fargo
SS: CWCapital Asset Management, LLC
Reason for Transfer: 

Balloon Payment/Maturity Default
On Servicer Watchlist Prior to Transfer: 

Yes, 10/11/16
Previously in Special Servicing: No
Previously Modified: No

LBUBS 2007-C2: I liked this deal, Orix didn't. They were right. 5.8% about to default.

Transaction: LBUBS 2007-C2
Property: Northstar
City/State: Minneapolis, MN
Property Type: Mixed Use  
Balance: $58,638,428
Percentage of Deal: 5.84%
Maturity Date: May 11, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Monetary Default 
On Servicer Watchlist Prior to Transfer: Yes, 07/11/16
Previously in Special Servicing: No
Previously Modified: No

GSMS 2007-GG10: 2017 is the year of the rooster, not LI office space! 5.2% heads south

Transaction: GSMS 2007-GG10
Property: TIAA RexCorp Plaza
City/State: Uniondale, NY
Property Type: Office 
Balance: 

$150,000,000 A-Note & $37,250,000 B-Note
Percentage of Deal: 5.2%
Maturity Date: February 6, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: 

Yes, 07/06/15
Previously in Special Servicing: 

Yes, Returned to the Master Servicer on 03/21/12
Previously Modified: 

Yes, Rate changed from 5.73% to 3.00%. Hope Note created

GCCFC 2007-GG9: it's TIAA day! 27% transfers to special

Transaction: GCCFC 2007-GG9
Property: TIAA RexCorp Long Island Portfolio
City/State: Melville and Uniondale, NY
Property Type: Office
Balance: $235,900,000
Percentage of Deal: 27.05%
Maturity Date: February 6, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: 

Yes, 11/07/16
Previously in Special Servicing: No
Previously Modified: No

 

JPMCC 2007-LDPX: Another "other" transfer of 3.4% of the deal

Transaction: JPMCC 2007-LDP10
Property: Colony V Portfolio
City/State: Laurel, MD; Morton Grove and Niles, IL
Property Type: Industrial and Office
Balance: $39,872,891
Percentage of Deal: 3.37%
Maturity Date: April 1, 2017
MS: Midland Loan Services
SS: C-III Asset Management
Reason for Transfer: Other
On Servicer Watchlist Prior to Transfer: Yes; 01/10/17
Previously in Special Servicing: Yes; Returned to the Master Servicer on 10/13/14
Previously Modified: Yes; Maturity date extended to 04/2017, IO period extended to maturity, Hope Note created

MLCFC 2007-5: Pahrump-dee-Dumpty sat on a wall ... another 5% goes stinko (see 1/19 post)

Transaction: MLCFC 2007-5
Property: Pahrump Valley Junction
City/State: Pahrump, NV           
Property Type: Retail
Balance: $21,055,266
Percentage of Deal: 4.95%
Maturity Date: February 1, 2017
MS: Berkadia
SS: CWCapital Asset Management, LLC
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 11/08/16
Previously in Special Servicing: No
Previously Modified: No

GCCFC 2007-GG9: 12.4% more Long Island office space goes down for the count

Transaction: GCCFC 2007-GG9
Property: Omni Marathon Reckson
City/State: Uniondale, NY
Property Type: Office
Balance: $108,000,000
Percentage of Deal: 12.38%
Maturity Date: February 6, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Imminent Monetary (Balloon/Maturity Default)
On Servicer Watchlist Prior to Transfer: Yes, 11/07/16
Previously in Special Servicing: No
Previously Modified: No

CWCI 2007-C2: Another 2.8% goes into the toilet

Transaction: CWCI 2007-C2
Property: 512 South Third Street Apartments
City/State: Champaign, IL
Property Type: Multifamily 
Balance: $25,000,000
Percentage of Deal: 2.80%
Maturity Date: January 1, 2017
MS: Wells Fargo
SS: CWCapital Asset Management, LLC
Reason for Transfer: Balloon Payment/Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 10/11/16
Previously in Special Servicing: No
Previously Modified: No

CD 2007-CD4: 5.3% of Long Island office space maturity defaults

Transaction: CD 2007-CD4
Property: 60 Charles Lindbergh Boulevard
City/State: Uniondale, NY
Property Type: Office
Balance: $54,500,000
Percentage of Deal: 5.33%
Maturity Date: February 1, 2017
MS: Wells Fargo
SS: CWCapital Asset Management, LLC
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 11/07/16
Previously in Special Servicing: No
Previously Modified: No

WBCMT 2007-C30: A maturity default doubleheader!

Transaction: WBCMT 2007-C30
Property: Oak View Plaza
City/State: Omaha, NE
Property Type: Retail
Balance: $25,583,137.46
Percentage of Deal: 1.22%
Maturity Date: January 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management, LLC
Reason for Transfer: Balloon Payment/Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 03/11/11
Previously in Special Servicing: No
Previously Modified: No

Transaction: WBCMT 2007-C30
Property: Tyco International Building
City/State: Eatontown, NJ
Property Type: Office
Balance: $29,828,314.84
Percentage of Deal: 1.43%
Maturity Date: January 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management, LLC
Reason for Transfer: Balloon Payment/Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 10/11/16
Previously in Special Servicing: No
Previously Modified: No 

MLCFC 2007-5: 7.8% maturity defaults? How can this be in a Merrill/Countrywide deal? (snark)

Transaction: MLCFC 2007-5 Property: Spectrum Commerce Center City/State: Eagan, MN Property Type: Office Balance: $32,993,957 Percentage of Deal: 7.75% Maturity Date: January 8, 2017 MS: Berkadia SS: CWCapital Asset Management, LLC Reason for Transfer: Maturity Default On Servicer Watchlist Prior to Transfer: Yes, 10/11/16 Previously in Special Servicing: No Previously Modified: No

CSMC 2007-C1: Let's ring in the New Year with a 15% transfer to special servicing!

Transaction: CSMC 2007-C1
Property: Koger Center
City/State: Tallahassee, FL
Property Type: Office
Balance: $115,500,000
Percentage of Deal: 14.76%
Maturity Date: February 1, 2017
MS: Berkadia
SS: C-III Asset Management LLC
Reason for Transfer: Potential/Imminent Default   
On Servicer Watchlist Prior to Transfer: Yes, 11/14/16
Previously in Special Servicing: Yes; Returned to Master Servicer 4/10/13
Previously Modified: No

GSMS 2007-GG10: what's another 1% in default when your AJ is already short $24MM in interest?

Transaction: GSMS 2007-GG10 
Property: One Financial Plaza
City/State: Providence, RI         
Property Type: Office
Balance: $51,750,000
Percentage of Deal: 1.09%
Maturity Date: June 6, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes, 10/06/16
Previously in Special Servicing: No
Previously Modified: No

MSC 2007-T25: you know it's a special place when they spell it "Shoppes" ... 33.5% maturity defaults!

Transaction: MSC 2007-T25  
Property: Shoppes at Park Place
City/State: Pinellas Park, FL      
Property Type: Retail
Balance: $71,000,000
Percentage of Deal: 33.45%
Maturity Date: January 3, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 10/04/16
Previously in Special Servicing: No
Previously Modified: No