Monday, February 27, 2017

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.

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