Tuesday, April 25, 2017

BACM 2005-2: 18.3% says I sucked before and now even moreso

Transaction: BACM 2006-2
Property: Oklahoma Retail Center Portfolio
City/State: Oklahoma City and Edmond, OK
Property Type: Retail
Balance: $21,110,133
Percentage of Deal: 18.33%
Modified Maturity Date: May 1, 2017
MS: Berkadia
SS: C-III Asset Management LLC
Reason for Transfer: Imminent Default
On Servicer Watchlist Prior to Transfer: Yes; 07/03/14
Previously in Special Servicing: Yes, Returned to Master Servicer on 06/19/14
Previously Modified: Yes; Maturity extended for one year until 05/2017, IO period extended, interest rate reduced to a current rate of 5%

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