Transaction: COMM 2006-C7
Property: Heyman Properties - LGA
City/State: East Elmhurst, NY
Property Type: Hotel
Balance: $23,930,506
Percentage of Deal: 2.03%
Maturity Date: April 1, 2016
MS: Midland Loan Services
SS: CWCapital Asset Management
Reason for Transfer: Inability to make loan payments
On Servicer Watchlist Prior to Transfer: Yes; 9/3/09
Previously in Special Servicing: No
Previously Modified: No
We've seen this loan before when it was known as Avistar/Courtyard by Marriott.
Another winner from COMM-2006-C7!
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1 comment:
Liquidated at a $7.5MM loss. Class AJ recovered its interest shortfall.
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