Friday, January 6, 2017

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

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