Thursday, August 24, 2017

BSCMS 2006-PW11: 28.4% returns to special. Where's the Mod Squad now?

Transaction: BSCMS 2006-PW11
Property: Hickory Point Mall
City/State: Forsyth, IL
Property Type: Retail
Balance: $27,446,365
Percentage of Deal: 28.43%
Maturity Date: December 1, 2018*
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Monetary Default 
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: Yes; Returned to the Master Servicer 08/05/16
*Previously Modified: Yes; Term increased by 36 periods; maturity extended to 12/2018. IO period increased to 156 periods (full term)

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