Transaction: LBUBS 2006-C1 Property: River Valley Mall City/State: Lancaster, OH Property Type: Retail Balance: $45,076,743 Percentage of Deal: 4.96% Maturity Date: January 15, 2016 MS: Wells Fargo SS: LNR Partners Reason for Transfer: Imminent Monetary Default On Servicer Watchlist Prior to Transfer: Yes; 2/11/09 Previously in Special Servicing: No Previously Modified: No
Thursday, October 22, 2015
LBUBS 2006-C1: 5% transfers to special
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Not even two weeks later, another 6.2% transfers to the special:
Transaction: LBUBS 2006-C1
Property: DHL Center
City/State: Breinigsville, PA
Property Type: Industrial
Balance: $55,850,000
Percentage of Deal: 6.15%
Maturity Date: January 11, 2016
MS: Wells Fargo
SS: LNR Partners, Inc.
Reason for Transfer: Imminent Monetary Default
On Servicer Watchlist Prior to Transfer: Yes; 6/11/15
Previously in Special Servicing: No
Previously Modified: No
Woohoo!
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