MSC 2007-IQ16: 1.7% says an imminent goodbye

Transaction: MSCI 2007-IQ16
Property: Art Institute Student Housing
City/State: Pittsburgh, PA
Property Type: Multifamily
Balance: $23,629,185
Percentage of Deal: 1.65%
Maturity Date: August 8, 2017
MS: Berkadia Commercial Mortgage LLC
SS: LNR Partners, Inc.
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes; 7/8/16
Previously in Special Servicing: No
Previously Modified: No