Thursday, January 19, 2017

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

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