Monday, March 13, 2017

BSCMS 2007-T26: 27.9% of this bad boy transfers to special servicing

Transaction: BSCMS 2007-T26
Property: One AT&T Center
City/State: St. Louis, MO
Property Type: Office
Balance: $110,862,154
Percentage of Deal: 27.9%
ARD Date: January 1, 2017 & Maturity Date: January 1, 2037
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary Default 
On Servicer Watchlist Prior to Transfer: Yes, 10/04/16
Previously in Special Servicing: No
Previously Modified: No

Wednesday, March 8, 2017

CWCI 2007-C3: maturing in June but already going bye-bye?

Transaction: CWCI 2007-C3
Property: Zale Corporation Headquarters Building
City/State: Irving, TX
Property Type: Office
Balance: $38,537,967
Percentage of Deal: 3.87%
Maturity Date: June 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: No
Previously Modified: No

MLCFC 2007-6: 3.8% gives it up

Transaction: MLCFC 2007-6
Property: 1001 Frontier
City/State: Bridgewater, NJ      
Property Type: Office
Balance: $37,950,000
Percentage of Deal: 3.80%
Maturity Date: March 8, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 12/08/16
Previously in Special Servicing: No
Previously Modified: No

GSMS 2007-GG10: A bad deal gets 0.7% worse

Transaction: GSMS 2007-GG10
Property: BPG Pennsylvania Properties
City/State: Various, PA
Property Type: Office
Balance: $24,640,000
Percentage of Deal: 0.72%
Maturity Date: May 6, 2017
MS: Wells Fargo
SS: C-III Asset Management 
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 02/06/17
Previously in Special Servicing: No
Previously Modified: No

CGCMT 2007-C6: For those who know French, BCBG means bon chic, bon genre! 1.2% goes kaput

Transaction: CGCMT 2007-C6
Property: BCBG Portfolio
City/State: Vernon, CA 
Property Type: Industrial
Balance: $34,603,903
Percentage of Deal: 1.21%
Maturity Date: March 1, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 01/06/15
Previously in Special Servicing: No
Previously Modified: No

Wednesday, March 1, 2017

CWCI 2007-C2: Cobalt not that hard. 2.7% says sayonara!

Transaction: CWCI 2007-C2
Property: Hunter Plaza
City/State: Irving, TX    
Property Type: Retail
Balance: $22,500,000
Percentage of Deal: 2.73%
Maturity Date: March 11, 2017
MS: Wells Fargo
SS: CWCapital Asset Management
Reason for Transfer: Imminent Maturity Default 
On Servicer Watchlist Prior to Transfer: Yes, 12/12/16
Previously in Special Servicing: No
Previously Modified: No


BACM 2007-3: Another day,another transfer, 3.6% heads off into the sunset

Transaction: BACM 2007-3
Property: Stonecrest Marketplace
City/State: Lithonia, GA
Property Type: Retail
Balance: $34,515,625
Percentage of Deal: 3.60%
Maturity Date: March 1, 2017
MS: Berkadia
SS: C-III Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 10/06/15
Previously in Special Servicing: No
Previously Modified: No