Another winner from the folks that brought you ... every other post-2006 BACM deal. This is a 10 year I/O with 22 months left to go that recently lost a tenant, According to the data, the Sponsor on the loan is none other than "None".
Transaction: BACM 2007-1
Property: Merrymeeting Plaza
City/State: Brunswick, ME
Property Type: Retail
Balance: $24,350,000
Percentage of Deal: 1.59%
Maturity Date: January 15, 2017
MS: KeyCorp Real Estate Capital Markets
SS: CWCapital Asset Management
Reason for Transfer: Potential/Imminent Default
On Servicer Watchlist Prior to Transfer: Yes; 11/8/13
Previously in Special Servicing: No
Previously Modified: No
Shortfalls should still remain within the AJ even with a 40% appraisal reduction.
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