WBCMT 2007-C31: 1.5% of pool, a St. Louis hotel says Hallelujah

The St. Louis Marriott West loan in WBCMT 2007-C31 ($37mn, 1.5% of the deal) was transferred to special servicing on February 13, 2017, due to imminent maturity default. The loan, which is scheduled to mature on March 11, 2017 is secured by a full service lodging property located in St. Louis, MO. As of Sep. 2016, reported TTM NCF DSC and occupancy were 0.99x and 65.24%, respectively.

CD 2007-CD4: We have a winner! 11.1% of the deal transfers to special servicing

The 60 Charles Lindbergh Boulevard loan in CD 2007-CD4 ($55mn, 11.1% of the deal) was transferred to special servicing on January 19, 2017, due to imminent maturity default (loan was scheduled to mature on February 1, 2017). The subject loan is secured by an office property in Uniondale, NY. The subject is 100% subleased to Nassau County - Department of Health and Human Services with a lease expiration in 2021. The special servicer has indicated that the file is being reviewed to determine the workout strategy going forward. The most recent reported NCF DSC was 1.35x. (Source: S&P Global Ratings)

BACM 2007-2: A king among deals, 22.6% goes Boo-yah!

Transaction: BACM 2007-2
Property: Mall of Acadiana
City/State: Lafayette, LA
Property Type: Retail
Balance: $125,276,509
Percentage of Deal: 21.55%
Maturity Date: April 1, 2017
MS: Berkadia
SS: CWCapital Asset Management, LLC
Reason for Transfer: Potential/Imminent Default
On Servicer Watchlist Prior to Transfer: Yes, 01/04/17
Previously in Special Servicing: No
Previously Modified: No

This after taking $60MM in losses on an unpaid B-note this month. What a deal!

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MSC 2011-C2: 6.1% goes Bloop!

Transaction: MSC 2011-C2
Property: Towne West Square Mall
City/State: Wichita, KS
Property Type: Retail
Balance: $46,919,219
Percentage of Deal: 6.07%
Maturity Date: June 1, 2021
MS: Berkadia
SS: Strategic Asset Services
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: No
Previously Modified: No

GCCFC 2007-GG9: 2.8% about to maturity default, reported after the Feb. remittance came out

Transaction: GCCFC 2007-GG9
Property: Verizon Wireless Center
City/State: Albuquerque, NM
Property Type: Office
Balance: $22,306,607
Percentage of Deal: 2.81%
Maturity Date: March 6, 2017
MS: Wells Fargo 
SS: LNR Partners
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 12/06/16
Previously in Special Servicing: No
Previously Modified: No

MLCFC 2007-6: Another day, another transfer. 1.9% about to maturity default.

Transaction: MLCFC 2007-6
Property: 777 East 12th Street
City/State: Los Angeles, CA      
Property Type: Retail
Balance: $20,982,216
Percentage of Deal: 1.93%
Maturity Date: February 8, 2017
MS: Wells Fargo 
SS: CWCapital Asset Management, LLC
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 10/11/16
Previously in Special Servicing: No
Previously Modified: No 

CGCMT 2007-C6: 3.5% says "Oh, the heck with it"

Transaction: CGCMT 2007-C6 Property: Hyde Park Apartment Portfolio City/State: Chicago, IL Property Type: Multifamily Balance: $111,880,700 Percentage of Deal: 3.53% Maturity Date: April 1, 2017 MS: Wells Fargo SS: CWCapital Asset Management, LLC Reason for Transfer: Imminent Maturity Default On Servicer Watchlist Prior to Transfer: Yes; 01/06/15 Previously in Special Servicing: No Previously Modified: No