It looks as if the Fort Henry Mall, a loan just under $40MM in this deal, was liquidated at a loss of ... $40MM. A couple of other smaller loans contributed another $8MM in losses. For those who follow this blog (and I realize that you are few but interested in this market sector), I repeat what I have previously stated. MLCFC = P.O.S.!
(see last month's post on this deal where another $55MM transfers to special servicing)
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