Saturday, May 7, 2016

Is it watchlisted? Is it in special servicing? No, it is a "Potential Maturity Default"! Thank you, Fitch


Transaction: GSMS 2006 GG8
Property: CA Headquarters
City/State: Islandia, NY
Property Type: Office
Balance: $165,643,200
Percentage of Deal: 8.65%
Maturity Date: August 6, 2016
MS: Wells Fargo
SS: ORIX Capital Markets, LLC
Reason for Transfer: Potential Maturity Default
On Servicer Watchlist Prior to Transfer: No
Previously in Special Servicing: No
Previously Modified: No

Transaction: MSC 2006-HQ10
Property: PPG Portfolio 
City/State: Various
Property Type: Office
Balance: $97,864,747
Percentage of Deal: 12.1%
Maturity Date: October 8, 2016
MS: Wells Fargo
SS: LNR Partners, LLC
Reason for Transfer: Potential Maturity Default
On Servicer Watchlist Prior to Transfer: Yes; 8/10/15
Previously in Special Servicing: No
Previously Modified: No
 

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