tag:blogger.com,1999:blog-76934519998174793522024-02-07T12:05:48.158-05:00The CRE Reviewcrabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.comBlogger944125tag:blogger.com,1999:blog-7693451999817479352.post-51825704205873532492017-11-15T15:05:00.000-05:002017-11-15T15:05:20.585-05:00COMM 2013-CR11: Deutche Bank back to their old tricks ... 1.8% goes on hiatus<span style="background-color: black; color: white;"><span style="font-family: Arial, sans-serif;">Transaction: COMM 2013-CR11 </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Property: iPark Hudson Buildings 4 & 5 </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">City/State: Yonkers, NY </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Property Type: Office </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Balance: $21,899,905 </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Percentage of Deal: 1.76% </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_821949278" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: Arial, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">September 6, 2023</span></span><span style="font-family: Arial, sans-serif;"> </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">MS: Midland Loan Services </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">SS: Situs Holdings, LLC </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Reason for Transfer: Other </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 06/06/17 </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Previously in Special Servicing: No </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Previously Modified: No </span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com2tag:blogger.com,1999:blog-7693451999817479352.post-59077926981617379092017-11-01T17:35:00.003-04:002017-11-01T17:35:25.655-04:00MSC 2008-T29: 14.5% goes belly-up<pre><span style="background-color: black; color: white; font-size: large;">Transaction: MSC 2008-T29
Property: Shadow Lake Towne Center
City/State: Papillion, NE
Property Type: Retail
Balance: $78,647,507
Percentage of Deal: 14.51%
Maturity Date: November 1, 2017
MS: Wells Fargo
SS: C-III Asset Management
Reason for Transfer: Imminent Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 06/07/17
Previously in Special Servicing: No
Previously Modified: No </span></pre>
crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-57959092799733640212017-10-31T13:35:00.006-04:002017-10-31T13:35:59.881-04:00GCCFC 2006-GG7: 25.8% goes back into special, not modified enough, it seems<span style="background-color: black; color: white;"><span style="font-family: arial, sans-serif;">The JP Morgan International Plaza I and II loan held in GCCFC 2006-</span><span class="il" style="font-family: arial, sans-serif;">GG7</span><span style="font-family: arial, sans-serif;"> ($158mn, 25.8%) was transferred to special servicing on October 20, 2017, due to the borrower expressing its inability to repay the loan at its upcoming </span><span class="aBn" data-term="goog_476844844" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">February 6, 2018</span></span><span style="font-family: arial, sans-serif;">, maturity date. The loan is secured by a 757k sq. ft. office in Farmers Branch, TX—fully leased through </span><span class="aBn" data-term="goog_476844845" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">February 28, 2018</span></span><span style="font-family: arial, sans-serif;">, to JP Morgan Chase, which has expressed its intent to vacate the property. There is no replacement tenant at present. The loan was previously corrected in 2016, which resulted in an extension of the loan’s original June 6, 2016, maturity date. At that time, there was uncertainty regarding JP Morgan Chase’s intention to stay at the property. (Source: S&P Global Ratings)</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-24903972008653044822017-10-18T10:10:00.001-04:002017-10-18T10:10:09.477-04:00WFCM 2012-LC5 : 13.7% goes into special<span style="background-color: black; color: white;"><span style="font-family: Arial, sans-serif;">Transaction: WFCM 2012-LC5 </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Property: Westside Pavilion (Transferred September 1, 2017) </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">City/State: Los Angeles, CA </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Property Type: Retail </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Balance: $142,255,433 </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Percentage of Deal: 13.66% </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_905062314" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: Arial, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">October 1, 2022</span></span><span style="font-family: Arial, sans-serif;"> </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">MS: Wells Fargo </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">SS: Rialto Capital Advisors, LLC </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Reason for Transfer: Imminent Monetary Default </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">On Servicer Watchlist Prior to Transfer: No </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Previously in Special Servicing: No </span><br style="font-family: Arial, sans-serif;" /><span style="font-family: Arial, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-24120050690725900862017-10-10T16:43:00.004-04:002017-10-10T16:43:45.534-04:00MSC 2008-T29: PR Retail transfers to special. This didn't take very long<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: MSC 2008-TOP29</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: 65 Infanteria Shopping Center</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Rio Piedras, PR</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $21,522,288</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 3.34%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_2092025235" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">January 1, 2018</span></span><span style="font-family: arial, helvetica, sans-serif;"> </span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: C-III Asset Management</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Monetary Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 05/08/17</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-76892248204605507542017-09-14T07:49:00.004-04:002017-09-14T07:49:56.274-04:00MSC 2006-T23: another "Other" transfer <div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Transaction: MSC 2006-TOP23</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Property: <a href="https://maps.google.com/?q=150+Hillside+Avenue&entry=gmail&source=g">150 Hillside Avenue</a></span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">City/State: White Plains, NY</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Property Type: Office</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Balance: $20,775,368</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Percentage of Deal: 26.06%</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Maturity Date: <span class="aBn" data-term="goog_583360747" style="border-bottom: 1px dashed rgb(204, 204, 204); position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">June 1, 2018</span></span></span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">MS: Wells Fargo</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">SS: C-III Asset Management</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Reason for Transfer: Other</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">On Servicer Watchlist Prior to Transfer: Yes, 04/05/17</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Previously in Special Servicing: No</span></span></div>
<div style="font-family: "Segoe UI", "Segoe WP", "Segoe UI WPC", Tahoma, Arial, sans-serif; margin: 0px;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Previously Modified: No</span></span></div>
crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-89417905594221619542017-09-06T07:46:00.004-04:002017-09-06T07:46:59.790-04:00BSCMS 2007-T28: Sept. 8, 2017, isn't that tomorrow? 24.5% goes into special servicing<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: BSCMS 2007-TOP28</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Charleston Town Center</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Charleston, WV</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $93,096,469</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 24.51%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_1524645750" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">September 8, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: C-III Asset Management</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 06/07/17</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-13786651945480045002017-08-29T15:08:00.001-04:002017-08-29T15:08:51.379-04:00MSC 2007-IQ16: Another 19% transfers to special servicing for imminent maturity and covenant defaults<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: MSC 2007-IQ16</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Bangor Mall</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Bangor, ME</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $80,000,000</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 14.55%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_369959896" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">October 1, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Berkadia</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: LNR Partners</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 02/08/16</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span><br style="font-family: arial, helvetica, sans-serif;" /><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Transaction: MSC 2007-IQ16</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Century XXI</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Germantown, MD</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Office</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $25,300,000</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 4.60%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_369959897" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">November 1, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Berkadia</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: LNR Partners</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Covenant Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 09/09/13</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-43379779291711979432017-08-24T16:20:00.002-04:002017-08-24T16:20:23.147-04:00BSCMS 2006-PW11: 28.4% returns to special. Where's the Mod Squad now?<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: BSCMS 2006-PW11</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Hickory Point Mall</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Forsyth, IL</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $27,446,365</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 28.43%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_1884067489" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">December 1, 2018</span></span><span style="font-family: arial, helvetica, sans-serif;">*</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: C-III Asset Management</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Monetary Default </span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: Yes; Returned to the Master Servicer 08/05/16</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">*Previously Modified: Yes; Term increased by 36 periods; maturity extended to 12/2018. IO period increased to 156 periods (full term)</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-88394299569704642092017-08-14T18:45:00.001-04:002017-08-14T18:45:15.569-04:00MSC 2007-IQ16: 6.1% of CA office goes to special, Remember, IQ stands for Intermediate Quality.<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: MSC 2007-IQ16</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: 20770-20810 Madrona Avenue</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Torrance, CA</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Office</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $33,453,891</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 6.09%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: August 8, 2017</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Berkadia</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: LNR Partners</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 07/08/16</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: Yes; Returned to Master Servicer 11/14/12</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-69309398039094882312017-08-08T18:29:00.000-04:002017-08-08T18:29:00.193-04:00GSMS 2006-GG8: Mods don't always help. 8.6% returns to special servicing<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: GSMS 2006-GG8</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Algonquin Center</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Algonquin, IL</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $28,600,000</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 8.63%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Modified Maturity Date: </span><span class="aBn" data-term="goog_1051181739" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">October 6, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: C-III Asset Management</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes; 07/06/17</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: Yes; Returned to the Master Servicer 06/09/17</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: Yes; Term and IO period increased by 12 months</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-85941747660154947862017-08-08T18:25:00.003-04:002017-08-08T18:26:36.405-04:00MLMT 2007-C1: 5.8% goes into special for imminent maturity default in June?<span style="background-color: black; color: white;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Transaction: MLMT 2007-C1</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">Property: Columbia/Brook Park MHC Rollup</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">City/State: Various, OH </span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">Property Type: Mobile Home Park</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">Balance: $55,000,000</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">Percentage of Deal: 5.77%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">Maturity Date: June 1, 2017</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">SS: C-III Asset Management</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">Reason for Transfer: Imminent Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 03/08/17</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: "arial" , "helvetica" , sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-9782246174220638622017-07-24T16:15:00.002-04:002017-07-24T16:15:23.453-04:00BSCMS 2007-PW18: Bear Stearns, we miss you! 6.9% goes into special.<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: BSCMS 2007-PW18</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Marriott Houston Westchase</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Houston, TX </span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Hotel</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $72,658,828</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 6.91%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_602598423" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">November 1, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: C-III Asset Management</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Monetary Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes; 09/08/15</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span><span style="background-color: white; color: #424242; font-family: arial, helvetica, sans-serif; font-size: 14px;"> </span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-56693359465486724452017-07-14T15:40:00.003-04:002017-07-14T15:40:42.368-04:00MSC 2008-T29: 2.8% term defaults. Hablas espanol?<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: MSC 2008-T29</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Reparto Metropolitano</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Rio Piedras, PR</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $20,578,702</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 2.80%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_1827312420" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">January 1, 2018</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: C-III Asset Management</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Monetary Default </span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-28444618260546903402017-07-14T15:37:00.001-04:002017-07-14T15:37:09.981-04:00JPMCC 2007-LD12: 4.7% says Happy Bastille Day!<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: JPMCC 2007-LD12</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Bentley Mall</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Fairbanks, AK</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $27,017,784</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 4.72%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: June 1, 2017</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: LNR Partners</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 11/08/16</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-50422903919732555542017-06-27T15:43:00.003-04:002017-06-27T15:43:36.614-04:00WBCMT 2005-C21: 38.9% already extended for two years going to maturity default<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: WBCMT 2005-C21</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Metropolitan Square </span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Saint Louis, MO </span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Office</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $124,144,153</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 38.92%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Modified Maturity Date: </span><span class="aBn" data-term="goog_758942879" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">August 11, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: Wells Fargo Bank, N.A</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes; 06/11/15</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: Yes; Returned to Master Servicer 3/21/13</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: Maturity increased by 24 periods until 08/2017. </span></span><br />
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">IO period extended. Rate changes over time</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-26055750908643448542017-06-21T15:15:00.002-04:002017-06-21T15:15:14.904-04:00BSCMS 2006-PW16: 24.4% not watchlisted, not in special servicing, maturity defaults<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Transaction: BSCMS 2007-PW16</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Property: Shops at Northern Boulevard</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">City/State: Long Island City, NY</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Balance: $35,961,324</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Percentage of Deal: 24.36%</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Maturity Date: June 1, 2017</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">SS: C-III Asset Management LLC</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Reason for Transfer: Maturity Default</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">On Servicer Watchlist Prior to Transfer: No</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-13202065300185231352017-06-21T15:11:00.003-04:002017-06-21T15:11:48.008-04:00BACM 2007-5: 7.8% heads to special<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Transaction: BACM 2007-5</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Property: 4000 Wisconsin Avenue</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">City/State: Washington, DC</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Property Type: Office</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Balance: $53,000,000</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Percentage of Deal: 7.84%</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Maturity Date: </span><span class="aBn" data-term="goog_1834154028" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; font-size: 14px; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">April 1, 2018</span></span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">MS: Berkadia</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">SS: C-III Asset Management LLC</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Reason for Transfer: Imminent Monetary Default</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">On Servicer Watchlist Prior to Transfer: Yes, 05/04/17</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif; font-size: 14px;" /><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-60802738073718934412017-06-15T15:10:00.001-04:002017-06-15T15:10:22.128-04:00CSMC 2008-C1: No wonder there's a new team of originators at CS ... 22.2% goes into special<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: CSMC 2008-C1</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Killeen Mall</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Killeen, TX</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $82,000,000</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 22.23%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_1899733869" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">July 11, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Berkadia</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: C-III Asset Management LLC</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Potential/Imminent Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 05/11/17</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-60348848101887935512017-06-14T18:45:00.001-04:002017-06-14T18:45:23.881-04:00LBUBS 2007-C6: Newark NJ office, 4.6% of pool, goes into special servicing<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: LBUBS 2007-C6</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: 707 Broad Street</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Newark, NJ</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Office</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $42,000,000</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 4.56%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_1494510368" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">September 11, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: LNR Partners</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 01/11/16</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-6885373299646958532017-06-14T16:25:00.002-04:002017-06-14T16:25:10.150-04:00BSCMS 2007-PW17: Let's shortfall the AJ a little more, shall we?<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: BSCMS 2007-PW17</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: City Center Englewood</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Englewood, CO</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $33,000,000</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 2.92%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_1494510353" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">August 1, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: C-III Asset Management LLC</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 05/08/17</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-74974844343854385732017-06-09T15:18:00.001-04:002017-06-09T15:18:22.109-04:00CSMC 2007-C5: 6.8% on the watchlist for only a month before imminent maturity default. Oops!<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: CSMC 2007-C5</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Mesilla Valley Mall</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Las Cruces, NM</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Retail</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $54,000,000</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 6.75%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_1605490854" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">July 11, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Berkadia</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: KeyCorp Real Estate Capital Markets, Inc.</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Imminent Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 05/11/17</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-12843637894318435612017-06-07T14:22:00.001-04:002017-06-07T14:27:04.387-04:00WBCMT 2007-C33: Independence Center, 17.3% of the pool, becomes less independent, goes to specialhttps://commercialobserver.com/2017/06/200m-loan-on-simon-property-groups-missouri-mall-heads-to-special-servicing-trepp/crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-75741271733387918832017-06-01T15:31:00.005-04:002017-06-01T15:31:35.803-04:00MSC 2007-TOP27: The hits keep on coming ... another 5.2% goes to the special servicer<span style="background-color: black; color: white;"><span style="font-family: arial, helvetica, sans-serif;">Transaction: MSCI 2007-TOP27</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property: Residence Inn - Herndon</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">City/State: Herndon, VA</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Property Type: Hotel</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Balance: $26,500,000</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Percentage of Deal: 5.16%</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Maturity Date: </span><span class="aBn" data-term="goog_971966772" style="border-bottom: 1px dashed rgb(204, 204, 204); font-family: arial, helvetica, sans-serif; position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">June 1, 2017</span></span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">MS: Wells Fargo</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">SS: C-III Asset Management LLC</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Reason for Transfer: Maturity Default</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">On Servicer Watchlist Prior to Transfer: Yes, 02/08/16</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously in Special Servicing: No</span><br style="font-family: arial, helvetica, sans-serif;" /><span style="font-family: arial, helvetica, sans-serif;">Previously Modified: No</span></span>crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0tag:blogger.com,1999:blog-7693451999817479352.post-31742192056772598192017-05-31T19:44:00.005-04:002017-05-31T19:44:41.592-04:00CWCI 2007-C3: Wachovia strikes again! 7% goes into special servicing<div class="m_-4356010579569280303p1" style="font-family: arial, sans-serif;">
<span style="background-color: black; font-family: arial, helvetica, sans-serif;"><span style="color: white;">Transaction: CWCI 2007-C3<br />Property: Sheraton Suites - Wilmington, DE<br />City/State: Wilmington, DE<br />Property Type: Hotel<br />Balance: $34,116,613<br />Percentage of Deal: 6.99%<br />Maturity Date: <span class="aBn" data-term="goog_1034722901" style="border-bottom: 1px dashed rgb(204, 204, 204); position: relative; top: -2px; z-index: 0;" tabindex="0"><span class="aQJ" style="position: relative; top: 2px; z-index: -1;">June 11, 2017</span></span><br />MS: Wells Fargo<br />SS: CWCapital Asset Management<br />Reason for Transfer: Imminent Maturity Default<br />On Servicer Watchlist Prior to Transfer: Yes; 09/11/12<br />Previously in Special Servicing: No<br />Previously Modified: No</span></span></div>
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crabsofsteelhttp://www.blogger.com/profile/13395961726023130183noreply@blogger.com0