Wednesday, April 12, 2017

LBUBS 2007-C2: Glad I don't own class AJ. 14% maturity defaults

Transaction: LBUBS 2007-C2
Property: Citicorp Louisville KY
City/State: Jeffersontown, KY
Property Type: Office
Balance: $33,512,500
Percentage of Deal: 7.12%
Maturity Date: April 11, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 1/11/17
Previously in Special Servicing: No
Previously Modified: No

Transaction: LBUBS 2007-C2
Property: Citicorp McLeansville NC
City/State: McLeansville, NC
Property Type: Office
Balance: $31,854,700 
Percentage of Deal: 6.77%
Maturity Date: April 11, 2017
MS: Wells Fargo
SS: LNR Partners
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 1/11/17
Previously in Special Servicing: No
Previously Modified: No

No comments: