Monday, January 30, 2017

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 
$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

1 comment:

Unknown said...

Love this site. Great work and commentary. So many of these deals are being offered at near par now, it's insane... Fishing for muppets. Probably catching a few too.